CFPB issues final rule removing ATM fee sticker requirement from Reg E

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The CFPB has issued a final rule amending Regulation E to remove the requirement that a fee notice be posted on or at an automated teller machine. On December 20, 2012 , President Obama signed into law an amendment to the Electronic Fund Transfer Act that eliminated the fee notice  requirement.

Since the final rule conforms Reg E to the statutory change, the CFPB determined that  the Administrative Procedure Act allowed it to issue the Reg E amendment as a final rule without advance notice and public comment. The rule will be effective upon publication in the Federal Register.

Topics:  ATMs, CFPB, Fees, Notice Requirements, Regulation E

Published In: Consumer Protection Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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