Banking Commerce and Insurance

ATM fee disclosure change approved

Lawmakers passed a bill Feb. 11 that brings state law into conformity with federal law relating to automatic teller machine (ATM) fee disclosure requirements.

LB100, introduced by Syracuse Sen. Dan Watermeier, eliminates a requirement that an ATM fee notice be affixed to or displayed on an ATM.

Currently, fee notices are required to be affixed to or displayed on ATMs as well as displayed on the ATM screen or on a paper notice issued from the machine after a transaction is initiated and before the consumer is irrevocably committed to complete the transaction.

LB100 passed on a 47-0 vote.

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