Judge blocks California bans on ATM fees
Published:
17 November 1999 y., Wednesday
A federal judge Monday granted a preliminary injunction blocking implementation of local bans on extra ATM fees, backing banks in their effort to keep charging non-customers added fees for using their cash machines. U.S. DISTRICT JUDGE Vaughn Walker_s preliminary injunction overturned ATM fee bans imposed by San Francisco and Santa Monica, Calif., saying federally chartered banks like Wells Fargo and Bank of America should not be subject to local ordinances. The battle over ATM fee bans intensified this month when San Francisco voters approved a new law that barred banks from "double dipping" by charging two fees - one by the consumer_s own bank and one by the bank that owns the ATM - for non-customer cash machine transactions. That ban, which had been due to go into effect in December, mirrored a measure passed earlier by the Santa Monica City Council that took effect last week.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments.
more »
Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania.
more »
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius.
more »
As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market.
more »
The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News.
more »
The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots.
more »
The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine.
more »
A settlement in an international tax dispute that strained U.S. ties with Switzerland.
more »