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Home » Banks Win One From the Bureau On ATM Placard Requirement
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Banks Win One From the Bureau On ATM Placard Requirement

April 8, 2013
The CFPB late last month finalized a rule implementing the automated teller machine placard legislation that was signed into law last December. The legislation protects banks from frivolous lawsuits by repealing what they see as the outdated, duplicative requirement that a placard must be attached to an ATM stating that a fee may be charged. The final rule, effective immediately, amends Regulation E (on electronic fund transfers), which implements the Electronic Fund Transfer Act, and the official interpretation to the regulation...
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