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UPDATED: federal Conservatives quash proposal to lower ATM fees to 50 cents

UPDATED: federal Conservatives quash proposal to lower ATM fees to 50 cents
(Image: redspotted)

Anyone who has wasted precious minutes scouring downtown streets for a friendly, no-added-charge cash dispenser knows the pain of ATM withdrawal fees. On Monday, the NDP tried to resuscitate the issue of bank-machine price gouging, which hasn’t been discussed much on Parliament Hill since the late Jack Layton tried to drum up support for a federally mandated curb on the surcharges in 2008. The new proposal, advanced yesterday by NDP consumer affairs critic Glenn Thibeault, calls for ATM withdrawal fees to be capped at 50 cents per transaction.

A vote on Thibeault’s motion, which urges the feds to build fee limits into their 2014 budget, is scheduled for later this afternoon. Stay tuned.

UPDATE: The vote on Thibeault’s motions happened on Tuesday afternoon, and was predictably defeated 146-130, with the majority Tories voting against the bill. Looks like this issue is moving off the legislative agenda and into the NDP’s election platform.

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