Fewer NY ATM Disclosure Requirements

New York Gov. Andrew Cuomo last week signed legislation eliminating the requirement of physical fee disclosures on ATMs. While ATM operators are required to disclose fees on their computer screens or on a paper notice once the transaction has been initiated, elimination of this disclosure requirement brings state law into conformity with the federal law signed last December by President Barack Obama. This measure is effective immediately.  See NY disclosure requirements and federal disclosure requirements in The Gold Book.