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ATM Sticker Regulation Repealed (Maybe)
In July, I posted about a federal regulation that had given some attorneys a way to loot the banking industry. The law required ATMs to advise users of transaction fees both through stickers and through on-screen or printed warnings—and it empowered consumers to sue for substantial damages if the stickers were missing. The law has now changed, and there may be no more such lawsuits.
Fighting ATM-Sticker Lawsuits
Categories:
Politics , Regulation And Taxation
Quick quiz: What is the purpose of an ATM?
A) To provide banks additional opportunities to profitably serve their customers.
B) To provide the federal government additional opportunities to make and enforce silly regulations.
