Bill > S06695

This bill prohibits predatory automated teller machine (ATM) fees at casinos and colleges in New York State by establishing new regulations on ATM surcharges. The legislation defines key terms, including ATMs (electronic banking machines), casinos, and colleges, and empowers the superintendent of the Department of Financial Services to establish a "fair and reasonable" maximum fee that ATMs can charge consumers. If an ATM on a casino or college premises charges a surcharge exceeding this established amount, the institution will be considered to have knowingly permitted an excessive fee. Casinos and colleges that allow such ATMs will be subject to a civil penalty of up to $250 per violation. The bill includes a severability clause, meaning that if any part of the legislation is found to be invalid, the rest of the law can still be enforced. The law is designed to protect consumers from what are perceived as excessively high ATM fees in locations where people might have limited alternative banking options, such as casinos and college campuses, and provides a mechanism for regulatory oversight of these fees.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S6695