Congress Allow ATM Operators To Remove Fee Placards

By  |  March 26, 2013
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Congress has passed new federal rules allowing ATM operators to remove fee notification placards in favor of electronic notifications, according to BankCreditNews.com.

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    The physical fee placards resulted in around 2,000 lawsuits settled out of court for around $10,000 each after consumers would intentionally remove placards, or use ATMs without such placards on purpose.

    The CFPB claims that the cost of using an ATM increased from $1.50 in 1999 to $4 once the placard law took effect.

    Read the full story here.


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