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If we wish to remove an ATM, do we need to obtain permission from our federal regulator or the Illinois Department of Financial and Professional Regulation (IDFPR)? Do we need to provide a 30-day public notice with alternative options? – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

If we wish to remove an ATM, do we need to obtain permission from our federal regulator or the Illinois Department of Financial and Professional Regulation (IDFPR)? Do we need to provide a 30-day public notice with alternative options?

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No, we are not aware of any requirement to obtain permission from your federal regulator or the IDFPR when you permanently remove an ATM. We also are not aware of any public notice requirements.