Request for Public Comment on Proposed Revisions to Regulation E (Electronic Fund Transfers) - District

Federal Reserve Bankll★Kof DallasDALLAS, TEXASJuly 21, 2000 75265-5906Notice 2000-46TO: The Chief Executive Officer of eachfinancial institution and others concernedin the Eleventh Federal Reserve DistrictSUBJECTRequest for Public Commenton Proposed Revisions to Regulation E(Electronic Fund Transfers)DETAILSThe Board of Governors of the Federal Reserve System has requested public comment onproposed revisions to Regulation E, which implements the Electronic Fund Transfer Act (EFTA). Therevisions would implement amendments to the EFTA contained in the Gramm-Leach-Bliley Act thatrequire disclosure of certain automated teller machine (ATM) fees. The amendments require ATMoperators who impose fees for electronic fund transfer services to disclose this fact in a conspicuouslocation either on or near the ATM. Before the consumer is committed to completing the transaction,ATM operators must also disclose the existence of and the amount of the fee—either on the screen of themachine or on a paper notice.The Board must receive comments by August 18, 2000. Please address comments to JenniferJ. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and ConstitutionAvenue, N.W., Washington, DC 20551. Also, you may mail comments electronically toregs.comments@federalreserve.gov. All comments should refer to Docket No. R-1077.ATTACHMENTA copy of the Board’s notice as it appears on pages 44481–84, Vol. 65, No. 138 of the Fed-eral ...