Electronic Funds Transfer Act Amendment Passes Senate

The Senate has passed H.R. 4367, a bill that amends the Electronic Funds Transfer Act by removing the placard fee discloser requirement which many believe has led to frivolous lawsuits against ATM owners.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The bill passed by unanimous consent in the Senate and will now be sent to President Obama, reports the Credit Union Times.

    Read the full story here.