House Bill Would End 'Frivolous' ATM Class Actions

Law360, New York (June 27, 2012, 1:02 PM EDT) -- A key U.S. House of Representatives committee on Wednesday approved a bill that would eliminate what supporters call frivolous lawsuits by repealing a requirement that ATMs have both a placard informing consumers about transaction fees and a warning on the machine's video screen.

The House Financial Services Committee moved H.R. 4367, which removes a provision of the Electronic Fund Transfer requiring both the sign on the side of a machine as well as a prompt to consumers before they complete a transaction that they will be...
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