Mealey's Banking & Finance - Federal Judge: Wal-Mart Has 'Safe Harbor' From ATM Notice Allegations

Mealey's Banking & Finance - Federal Judge: Wal-Mart Has 'Safe Harbor' From ATM Notice Allegations

MEMPHIS, Tenn. - Wal-Mart Stores Inc. and an ATM operator have satisfied the safe harbor requirements of the Electronic Fund Transfer Act (EFTA), a federal judge in Tennessee ruled April 28, granting Wal-Mart and the operator's motions for summary judgment in a multidistrict litigation alleging that they violated the statute's ATM fee-notice provisions (In re: Wal-Mart ATM Fee Notice Litigation, No. 11-2234, W.D. Tenn.).

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