FOR IMMEDIATE RELEASE: September 17, 1998
CONTACT: Ed Mierzwinski or Liz Hitchcock, 202-546-9707
SENATE FAILS TO PROTECT CONSUMERS FROM DOUBLE DIPPING ATM SURCHARGES
Statement of Ed Mierzwinski U.S. PIRG Consumer Program Director:
ãConsumers will continue to pay twice to use the ATM once, because too many U.S. Senators listened to their big bank campaign contributors instead of to the complaints of the American people about skyrocketing bank fees. By the time those Senators realize that ATM surcharges are not only anti-consumer, but also anti-competitive, it may be too late to stop the fee-gouging big banks from imposing outrageous fees on their own customers, as well as on non-customers using their ATMs.ä
ãWe commend Senators DâAmato (R-NY) and Bryan (D-NV) for their leadership in trying to stop the double-dipping ATM surcharge. We urge the Senate to vote no on final passage of S. 1301, the industry-written bankruptcy bill, which is even more anti-consumer now than it was before.ä
U.S. PIRG is the national office of the state Public Interest Research Groups. PIRGs are non-profit, non-partisan consumer and environmental watchdog groups active across the country.