A bill to address fee disclosure requirements under the Electronic Fund Transfer Act, and for other purposes.

Amends the Electronic Fund Transfer Act with respect to mandatory fee disclosures on automated teller machines (ATMs) operated by a person other than a financial institution holding a consumer's account.

Repeals the requirement that such a fee disclosure appear in a prominent and conspicuous location on or at the ATM. Limits such requirement to appearance of a fee disclosure on the ATM screen.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 3204 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 3204

   To address fee disclosure requirements under the Electronic Fund 
                 Transfer Act, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 17, 2012

   Mr. Johanns (for himself, Mr. Warner, Mr. Corker, and Mr. Tester) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To address fee disclosure requirements under the Electronic Fund 
                 Transfer Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FEE DISCLOSURE REQUIREMENT.

    Section 904(d)(3)(B) of the Electronic Fund Transfer Act (15 U.S.C. 
1693b(d)(3)(B)) is amended--
            (1) in the subparagraph heading, by striking 
        ``requirements.--'' and inserting ``requirement.--'';
            (2) by striking clause (i);
            (3) by striking ``(ii) On the screen.--''; and
            (4) by striking ``, except that during the period 
        beginning'' and all that follows through the end and inserting 
        a period.
                                 <all>