Posted AT 7:42 PM EST on 25/01/07
Banks 'gouging' customers on ATM fees, Layton says
Toronto — Charging people to use automatic teller machines from a bank other than their own in order to access their own cash is a rip-off that should be outlawed, New Democrat Leader Jack Layton said Thursday.
In what Canada's big banks dismissed as little more than a display of ignorant rhetoric, Layton said the $19-billion profits the financial institutions made last year should be enough to waive ATM convenience fees.
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