A Thing
The Green SheetGreen Sheet

Wednesday, May 30, 2012

Bill offered to stop ATM nuisance suits

A bill introduced in the U.S. Senate May 17, 2012, would end nuisance lawsuits filed over some ATM operators' failure to comply with a federal requirement to display a fee notice on the cash dispensary machines.

Sen. Michael Johanns, R.-Neb., ranking member of the Senate Banking Subcommittee on Security, International Trade and Finance, introduced S.3204. The bill resembles legislation introduced in the House, HR4367, calling for an end to the requirement that a fee notice be physically attached to the ATM.

Johanns' Press Secretary, Paul Donahue, said the problem is current law requires a fee disclosure notice on the ATM and an electronic disclosure on the ATM screen. "ATM operators have been faced with expensive, frivolous lawsuits by users who remove the physical placard and then sue for noncompliance," he said. "Sen. Johanns' bill would eliminate the duplicative requirement of the physical placard."

Donahue said the bill is supported by the American Bankers' Association, Independent Community Bankers of America, the Credit Union National Association, and the National Association of Convenience Stores. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

Facebook
Twitter
LinkedIn
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
A Thing