A bill that would eliminate an ATM disclosure requirement passed the House last week, but will have to return before becoming law, thanks to a new package created in the Senate Tuesday.
The new bill, S. 3394, was introduced by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Richard Shelby (R-Ala.), and combines the repeal of the ATM placard disclosure requirement with a provision that would require the Consumer Financial Protection Bureau to keep confidential sensitive data provided by financial institutions.
"Our staff, working with the ATM coalition, has had numerous conversations with committee staff and other senators' staff with the aim of having this legislation fast-tracked through the Senate by unanimous consent. We are very pleased with the response from senators and our thanks to Chairman Johnson for his specific efforts," said CUNA spokesman Pat Keefe.
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