Governor Cuomo Signs ATM Disclosure Bill

ALBANY, NY (08/01/2013)(readMedia)-- Albany, N.Y. – Earlier today, Gov. Andrew Cuomo signed legislation that eliminates the requirement of physical fee disclosures on ATMs. The legislation, effective immediately, brings NYS law into conformity with the federal law signed by President Obama last December.

The Credit Union Association of New York has been advocating aggressively for this legislation, as burdensome ATM fee disclosure regulations have created legal and financial issues for many credit unions. The Assembly bill was introduced by Assemblywoman Annette Robinson (D-Metropolitan), and the Senate bill was introduced by Sen. Joseph Griffo (R-Utica-Rome/Central).

"We commend Governor Cuomo, Assemblywoman Robinson and Senator Griffo for their outstanding leadership and support on this important issue," said Association President/CEO William J. Mellin. "In addition, I want to acknowledge the grassroots efforts of many credit union leaders, which played an important role in this legislative victory."

The Credit Union Association of New York has served as the trade association for the state's credit unions for 96 years. New York credit unions have assets of more than $62 billion and serve 4.8 million members. To learn more about the Association, visit www.cuany.org. To find a credit union or learn more about the credit union movement, visit www.asmarterchoice.org.