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EFTA

ATM Litigation

Mar
19
ATM Litigation

Some of the same lawyers that filed numerous class action lawsuits against credit unions and banks for owning or operating ATMs in alleged violation of the fee disclosure requirements in the Electronic Fund Transfer Act (EFTA) are now turning their attention to compliance by ATM owners and operators with the Americans with Disabilities Act (ADA).

Posted By Sharon Bahr read more

ATM Fee Lawsuits on the Rise

Dec
22
ATM Fee Lawsuits on the Rise

 

Credit unions in Texas and Louisiana are facing lawsuits this month for failing to properly disclose ATM fees. New York resident Don Anderson is alleging violations of the disclosure provisions of the Electronic Funds Transfer Act (EFTA), also known as the Federal Reserve Regulation E. 

When credit unions charge a fee to a consumer using a non-credit union ATM network card or debit card, Section 205.16 of the EFTA requires:

Posted By abucaida@mcua.org read more
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