2002 Senate Bill 1257

Introduced in the Senate

April 30, 2002

Introduced by Sen. Raymond Murphy (D-3)

To impose price controls on certain credit union ATM transactions. The bill would prohibit a fee or more than $1 for an electronic funds transfer that does not involve another financial institution (such as withdrawing cash using another bank’s ATM). The bill also requires the ATM to give information on the cost of a transaction to a consumer before it is completed.

Referred to the Committee on Banking and Financial Institutions