ATMIA advocates for ATM industry interests during DC ‘fly-in’
The ATM Industry Association held a two-day “fly-in” event last week in Washington, D.C. for eight meetings with lawmakers and staff representing members of the House Financial Services Committee and Senate Committee on Banking, Housing, and Urban Affairs. The delegation also met with a representative of the Consumer Finance Protection Bureau, the association said in a press release.
A major topic of conversation was the lingering impact of Operation Choke Point, which continues to affect independent ATM deployers despite a statement from the Department of Justice last year that the program was being terminated.
In fact, on the same morning as the meetings, ATMIA received notice that a major bank had announced a new round of account terminations that ended long-standing relationships with a number of ATM operators.
On the House side, ATMIA members met with Congressman Blaine Luetkemeyer to thank him for his work on H.R. 2706, the Financial Institution Customer Protection Act, and affirm their support for the measure, which is intended to end OCP and stop similar initiatives in the future.
On the Senate side, ATMIA expressed support for S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act in meetings with the policy director for the Senate banking committee, and with the staff of Senators Thom Tillis and Tim Scott. The bill would provide reforms to aid community banks.
The growth of Reg E dispute fraud was brought to the attention of CFPB Chief of Staff and Public Affairs Director Emma Doyle.
ATMIA requested a tightening of timeframes for consumer claims and ATM operator responses, in order to make fraud more difficult to perpetrate. The association also supports current efforts to change CFPB leadership to a five-person commission.
“This was ATMIA’s first Washington, D..C fly-in, and a great success,” David Tente, ATMIA U.S. and Americas executive director, said in the release.
“I think we will see even greater support on the Hill for a real ending to OCP and our efforts to rein in Reg E fraud. Also, we greatly appreciate the assistance of EFTA in setting up all of our meetings.”