New York A06766 prohibits casinos and colleges from allowing ATMs to charge fees or surcharges exceeding a set amount.
New York A06766 amends the general business law to prohibit casinos and colleges from permitting ATMs on their premises to charge fees or surcharges exceeding a monetary amount set by the superintendent of the department of financial services. Casinos and colleges found in violation face a civil penalty of up to $250 per violation. The superintendent can review and adjust the monetary amount periodically. The act aims to protect consumers from predatory ATM fees at casinos and colleges.
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- Critical Issues
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