Thursday, March 27, 2014

NDP Want Cap on ATM Fees

The federal NDP wants to put a limit on the fees we pay to use our debit cards at ATM or cash machines other than your financial institutions.

Thunder Bay-Rainy River MP John Rafferty says limited regulation has prompted some of those fees to climb to as much as three and four dollars a transaction.

The New Democrats are proposing a cap of 50 cents per transaction.

The NDP is also seeking limit to the interest charges on credit cards.