Colorado Senate moves to scratch ATM fees – The Denver Post

The Colorado Senate voted Monday to ban ATM fees in the state, although the prohibition may prove more a political maneuver than a windfall for consumers.

The ATM-fee measure was amended onto Senate Bill 188, which bars merchants from adding extra fees on debit-card transactions, extending an existing ban on credit-card surcharges.

“It is hypocritical to say to a bank, ‘You can do it,’ and prevent small-business people from doing it,” said state Sen. Keith King, R-Colorado Springs, who crafted the amendment to try to bring down the original bill.

“It is the big corporations against the little guys trying to make a business work,” said King, who was a merchant for 25 years.

via Colorado Senate moves to scratch ATM fees – The Denver Post.


Comments are closed.

%d bloggers like this: