Wednesday, March 14, 2012

Tired of fees, readers want ATM regulation

While Mel Thillens may be convinced that the pricy combination ofATM withdrawal fees and surcharges is a small price to pay (Letters,April 6), the vast majority of consumers in Illinois disagree withhim. According to our 1997 annual survey of Illinois voters, 70percent of those polled say that ATM fees should be regulated.

Consumer discontent should come as no surprise. ATM fees havegone through the roof in Illinois over the last year - doubling inChicago and quadrupling statewide. It has become virtuallyimpossible to find ATMs that do not charge non-account holders. Atthe same time, more and more ATMs that promise "convenience" are notequipped to perform all of a …

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