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Regulation

Banks Relieved As New Law Signals End to ATM Suits

The checklist for routine maintenance on the three automated teller machines owned by First Community Bank and Trust of Beecher, Ill., contains one head-scratching item: the maintenance worker is regularly required to take a photo of the machine to keep on file at the $147 million-asset bank as a defense in potential lawsuits. Now Greg Ohlendorf, the bank's chief executive officer, can cross that mundane task off the list.

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