The Independent Community Bankers of America (ICBA) wants to limit the application of a new Call Report requirement for banks to include a breakdown of their income from service charges on consumer deposit accounts.
In a notice published in the …
President signs ATM fee sticker bill and CFPB privilege waiver bill
On December 20, 2012, President Obama signed into law (1) the bill amending the Electronic Fund Transfer Act (H.R. 4367) to eliminate the ATM fee sticker requirement, and (2) the bill amending the Federal Deposit Insurance Act (H.R. 4014) …
Congress passes bill eliminating ATM fee sticker requirement
The U.S. Senate has joined the House of Representatives in approving a bill (H.R. 4367) amending the Electronic Fund Transfer Act to eliminate the requirement that a fee disclosure be placed in a prominent and conspicuous location on or at …
With Bi-Partisan Support, Senate Banking Committee Chairman Introduces Bill Combining ATM Fee Notice and CFPB Anti-Privilege Waiver Provisions
On Tuesday July 17, Senate Banking Committee Chairman Tim Johnson (D.-SD) introduced a new bill, S. 3394, which combines two consumer-related regulatory initiatives that had already been separately introduced and passed by the House of Representatives. These are (1) …
Message to CFPB: let industry take down those ATM signs
Last December, we wrote about the CFPB’s notice seeking public input on which regulatory requirements should be on the CFPB’s priority list for streamlining. One of the possible streamlining candidates identified by the CFPB was the Regulation E requirement to …