ATM Sticker Requirement Eliminated

Posted on: December 28 2012 | Posted in: Latest News

President Barack Obama has signed H.R. 4367, the ATM external fee sticker elimination bill, into law. H.R. 4367 revises Regulation E to now require that ATM fee disclosures need only be presented to consumers via the ATM's transaction screen. 

The new law eliminates the redundant requirement for an external sticker indicating whether ATM fees are imposed by the ATM operator-which should stop the filing of lawsuits against independent ATM deployers and financial institutions for alleged missing/defaced fee disclosure stickers.