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. A bipartisan law signed last month by President Obama overturns a legal requirement that required banks to post physical signs notifying users of potential fees.

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