NDP steps up battle against ATM fees, calling on Tories to tackle issue - InfoNews

Current Conditions

-5.8°C

NDP steps up battle against ATM fees, calling on Tories to tackle issue

NDP Leader Tom Mulcair asks a question during question period in the House of Commons in Ottawa, Thursday, January 30, 2014. The NDP is renewing its mission to cap ATM fees. A motion calling for the cap will be debated in the House of Commons on Monday. It urges the Conservative government to take action on ATM fees in its upcoming federal budget. THE CANADIAN PRESS/Sean Kilpatrick
February 02, 2014 - 8:45 AM

OTTAWA - The NDP is renewing its mission to cap ATM fees.

A motion calling for the cap will be debated in the House of Commons on Monday. It urges the Conservative government to take action on ATM fees in its upcoming federal budget.

Glenn Thibeault, the NDP's consumer affairs critics, says Canadians shouldn't have to pay two or three dollars to withdraw their own money from bank machines — particularly when it costs banks as little as 36 cents to complete the transaction.

The NDP proposal would cap ATM withdrawal fees at 50 cents per transaction.

During question period in the House of Commons last week, NDP Leader Tom Mulcair asked Prime Minister Stephen Harper whether the budget, to be tabled Feb. 11, will tackle the issue of ATM fees.

Mulcair asked Harper whether he'd make good on his promise in last fall's Throne Speech to rein in basic banking fees and fees at ATMs and on credit cards.

Harper responded by saying that his government has raised concerns about "certain banking fees and practices on consumers and small business." But he didn't say whether the budget would address ATM fees.

October's Throne Speech also included a pledge by the government to outlaw charges levied by banks on customers who receive paper bills. There's been no legislation, however, on the issue.

The NDP has long called for a cap of ATM fees. In 2007, former leader Jack Layton announced a national campaign to mobilize consumers in a fight against the country's big banks.

News from © The Canadian Press, 2014
The Canadian Press

  • Popular vernon News
  • Comments
  • New mountain highway proposed between Red Deer and Kamloops
    An Alberta development group is pitching the idea of a new highway linking central Alberta to B.C. cutting through the mountains and a section of Banff National Park. The Central Alberta Eco
  • Kamloops firefighter back at work after co-workers saved his life
    Four months after his co-workers saved his life, a Kamloops firefighter is back at work. Mike Silva has been working with Kamloops Fire Rescue for 15 years and was enjoying some time off in
  • Pier 1 closing all of its stores in Canada
    Pier 1 Imports, Inc. announced today that it has entered into bankruptcy protection and is pursuing a sale. The retailer  commenced voluntary Chapter 11 proceedings in the U.S. Bankrupt
  • West Kelowna's Bull Mountain glistens for its close-up
    It’s not a secret that West Kelowna’s family ski hill is getting infused with new life. Bull Mountain Adventure Park is being built on the remnants of Crystal Mountain Resort, an
  • Vernon family captures mesmerizing melting ice
    A Vernon family was on their way home from Kelowna when they made a pit stop after noticing a beautiful scene along Wood Lake. Matthew Royal and his daughters noticed how “cool”
View Site in: Desktop | Mobile