Fees ATMs

News & Analysis as of

Seventh Circuit Says “Smallness” Is Not a Bar to Class Certification

In what it describes as an effort to advance the law of class certification, the Seventh Circuit last week issued a decision, written by Judge Posner, that many would say does just the opposite. ...more

To Fee or Not to Fee—The Pros and Cons of Payroll Cards

Payroll cards are having a moment. Recent articles in The New York Times, USA Today, and ABCNews.com have all highlighted the growing trend of employers paying wages to their employees via debit card. In addition, several...more

New York Eliminates Requirement To Post Fee Notice At Automated Teller Machines

Governor Cuomo has signed legislation that eliminates the New York requirement that ATM operators post a sign or warning on or at an ATM disclosing that a fee is imposed on transactions at that ATM. President Obama signed...more

Burr Alert: Consumer Financial Protection Bureau Amends Regulation E And Regulation Z

In late March, the Consumer Financial Protection Bureau ("CFPB") issued final rules amending Regulation E, 12 C.F.R. § 1005.16, which implements the Electronic Fund Transfer Act, 15 U.S.C. § 1693 et seq. ("EFTA"), and...more

CFPB Implements Change To ATM Fee Notice Requirements

On March 26, the CFPB published a final rule to conform Regulation E to an amendment to the Electronic Fund Transfer Act enacted by Congress in December 2012 that removed the requirement that ATMs have an attached placard...more

CFPB Finalizes ATM Disclosure Rule Changes

On March 21, the Bureau of Consumer Financial Protection finalized a rule implementing the ATM placard legislation that was signed into law last December. In December 2012, Congress passed and the President signed legislation...more

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

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...more

The Death Knell of ATM “Notice” Lawsuits

The banking industry, particularly community banks, have been plagued over the past three years with lawsuits alleging that an exterior fee notice was not present on their automatic teller machines. The suits seek to certify...more

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