Dear Mr. Date,
Please remove the requirement that ATMs must display a sign on the ATM regarding fees that "will or may be imposed." I imagine that not one of the lawsuits brought because of a missing sign was by a single consumer mislead into thinking that they would not be charged a fee. Use of ATMs have become common place and consumers are well aware of fees charged because these are now disclosed before proceeding with any transaction. The requirement of the sign has resulted in our credit union having to take drastic measures such as requiring our branch management to take pictures of the sign being displayed every week and verifying that the sign is intact every day.
Please change Regulation E by removing the ATM signage requirement. Sincerely, Sherri Stumpf CEO Blackhawk Community Credit Union
Comment on CFPB-2011-0021-0001
This is comment on Rule
Electronic Fund Transfers (Regulation E)
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