Banking and Finance

Recent Posts

ATM Fee Disclosures: Bureau Amends Regulation E Removing ATM Sticker Requirement
Posted on 1 Apr 2013 by Dykema

Readers will remember that, before December 2012, the Electronic Fund Transfer Act required ATM's to include fee notices on the machines themselves. Congress eliminated that requirement after banks faced repeated nuisance litigation arising out... Read More

Tags: fee notices , Electronic Fund Transfer Act , ATMs

CFPB Uses Novel Interpretation, Increases Compliance Burden for Gift Card Issuers Through its First Preemption Determination
Posted on 25 Apr 2013 by Morrison and Foerster LLP

by Rick Fischer, Obrea Poindexter, Leonard Chanin, and Matt Janiga On April 19, 2013, the Consumer Financial Protection Bureau ("CFPB") announced it was making a determination to preempt a provision of Tennessee unclaimed property law that... Read More

Tags: Consumer Financial Protection Bureau , Regulation E , Electronic Fund Transfer Act , gift cards