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
Statistics Lithuania informs that based on provisional data as of 1 April 2008 foreign direct investment (FDI) made LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008.
more »
Boston-based Celent LLC has published a new report about the state of the Turkish credit-card market, which has developed rapidly over the last decade and is expected to represent a high-growth opportunity.
more »
Fastest annual revenue growth since 1999 fuels 32% increase in earnings per share.
more »
First Data Shareholders to Receive $34 per Share in Cash;
Transaction Valued at $29 Billion
more »
Belarus' international reserves decreased by 3.8 percent in January 2007 to $1,329.9 million as of February 1, according to the National Bank of Belarus (NBB).
more »
The Minsk Tractor Works (MTZ) manufactured nearly 172 billion rubels worth of industrial products in the first month of 2007, which was a 19.8-percent year-on-year increase.
more »
The Belarusian government plans to borrow up to $1 billion abroad this year to cushion the effects of a sharp hike in the price of energy resources.
more »
Russia's Audit Chamber has suggested reviewing all economy agreements between Belarus and Russia, Andrei Kokoshin, head of the standing committee on CIS affairs in the State Duma (Russia's lower parliamentary house), said on Thursday.
more »
Belarus is contemplating the purchase of two oil wells in Russia, a senior executive at the Belneftekhim state-controlled petrochemical concern said Tuesday.
more »
Aleksandr Lukashenko warned that a slowdown of Belarus' economic development pace could undermine public confidence in the government and damage the country's image in the international arena.
more »