User login

Electronic Funds Transfer Act

ATM Fee Lawsuits on the Rise

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 read more
Subscribe to RSS - Electronic Funds Transfer Act