ATM Disclosure Bill Passes U.S. House 371-0
The U.S. House of Representatives overwhelmingly approved the ATM disclosure bill, H.R. 4367, by a vote of 371-0 on July 9. H.R. 4367 and its Senate counterpart, S. 3204, would eliminate the EFTA requirement for a physical ATM fee disclosure notice. Instead, only an electronic disclosure on the screen regarding any fee that may be incurred by the ATM user would be required.
Now that the bill has passed the House, it must be voted on by the Senate to move forward.