The U.S Court of Appeals for the Fifth Circuit has held that a proposed class representative can continue to prosecute a lawsuit alleging that Home Town Bank violated a now-repealed law requiring that fee notices be posted on automatic teller machines.
While the lawsuit was pending, the Electronic Funds Transfer Act was amended to eliminate the requirement that ATM fees be posted on cash machines externally. Under the now-repealed law, consumers could recover actual damages, statutory damages, costs and fees if they were charged a transaction fee without being notified by signage on the outside of ATM machines.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
