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Senate advances ATM‑regulation bill after debate over transaction fees and state bank authority
Summary
The Utah Senate advanced second substitute House Bill 5, updating state law on automated teller operations to align with federal protections, require customer notice of transaction fees and impose a departmental notice requirement for relocations; senators warned state banks could impose intra‑network fees under the change.
Second substitute House Bill 5, which updates state law governing automated teller machines, advanced in the Utah Senate on Feb. 13 after advocates said it would align state rules with federal Regulation E and provide clearer consumer protections.
Senator Hilliard, who presented the bill, said the measure narrows the state's definition of covered electronic funds transfers, clarifies point‑of‑sale terminal operations…
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