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A3315Assembly2019-2020 SessionSame asS7551

Ban ATM Fees at Campuses

Official title

“Prohibits imposition of surcharges at automated teller machines on public university property”

Sponsor Steven EnglebrightAD-4+2 co-sponsorsAffects Finance
Status
In Assembly Committee
Banks
Impact
4/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Banks

What's happening

This bill prohibits banks from charging ATM surcharge fees at machines located on SUNY or CUNY property.

Why it matters

  1. Reduces the overall cost of accessing cash for students, staff, and visitors. on SUNY and CUNY campuses, which can be especially significant for those with limited financial resources who rely on cash withdrawals.

  2. Limits the ability of banks and ATM operators to profit from surcharges. on university property, potentially shifting the dynamics of ATM placement agreements and bank partnerships with public universities.

  3. Promotes financial inclusivity and affordability in public higher education settings. by ensuring that basic banking services are more accessible and less costly for the university community, potentially reducing financial barriers for low-income individuals.

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Who cares

Headline styles

Ban ATM Fees at Campuses

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Steven Englebright

Assembly Member · Assembly District 4

History

  1. Referred to banks
  2. Referred to banks

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

S7551Senate

Ban ATM Fees on Campus

In Senate Committee · Banks · Sponsor James Sanders Jr.

Impact 4 · Low0% to pass

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

3315

2019-2020 Regular Sessions

IN ASSEMBLY

January 29, 2019

Introduced by M. of A. ENGLEBRIGHT, DINOWITZ, CAHILL -- Multi-Sponsored by -- M. of A. COLTON, COOK, CYMBROWITZ, ORTIZ -- read once and referred to the Committee on Banks

AN ACT to amend the banking law, in relation to prohibiting banks from imposing surcharge fees at automated teller machines located at a state university or a city university

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. The banking law is amended by adding a new section 9-x to read as follows:

§ 9-x. Special provisions relating to automated teller machine fees. 1. A "banking institution" for purposes of this section means a bank, trust company, savings bank, savings and loan association, licensed foreign bank or credit union.

2. All banking institutions which use, own or lease automated teller machine facilities located on property owned by the state university of New York or the city university of New York shall be prohibited from charging surcharge fees at such automated teller machines.

§ 2. This act shall take effect on the ninetieth day after it shall have become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD07128-01-9

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.