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Pressure from Banks Kills an Attempt to Do Away with ATM Surcharges

February 11, 1998
By: Missy Shelton
State Capital Bureau

An attempt in the Missouri legislature to do away with surcharges on ATM's gets watered down to make banks happy.

Missy Shelton has more from Jefferson City.

Story:Missy Shelton
RunTime:
OutCue: SOC

The House Consumer Protection Committee approved a watered down version of a bill requiring ATM's to notify customers of surcharges.

Pressure from the Missouri Bankers' Association forced this compromise.

Bill sponsor, Representative Steve McLuckie says he wanted to ban the fees altogether. [151K WAV file - Steve McLuckie]

Actuality:Steve McLuckie
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OutCue:
Contents: "You have to get enough votes to pass things in this body. And I was not going to be able to pass my ban and I think at least if consumers know they are going to be surcharged, they have an opportunity to back out if they don't want to pay the surcharge."

Representative McLuckie says the measure could go before the House in the next few weeks.

From Jefferson City, I'm Missy Shelton for KMOX News.

You will still have to pay surcharges at ATM's after pressure from the Missouri Bankers' Association forced legislators to remove a ban on the fees.

Missy Shelton has the story from Jefferson City.

Story:Missy Shelton
RunTime:
OutCue: SOC

Representative Steve McLuckie wants a ban on ATM surcharges.

The Missouri Bankers' Association does not.

The two sides reached a compromise and the House Consumer Protection Committee approved it.

Senior Vice President of the Missouri Bankers' Association Bill Ratliff says bankers will go along with the compromise requiring ATM's to notify customers of surcharges.

[53K WAV file - Bill Ratliff]

Actuality:Bill Ratliff
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OutCue:
Contents: "I think it makes sense to let people know how much it's going to cost and they can decide if they want to use the machine or not."

Representative McLuckie says the measure could go before the House in the next few weeks.

I'm Missy Shelton for KMOX News in Jefferson City.