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News Release 1999-101
November 5, 1999
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WASHINGTON — The Office of the Comptroller of the Currency today filed a brief with the U.S. District Court for Northern California in connection with the litigation challenging local ordinances that would prohibit banks from charging fees for automated teller machine usage.
In the brief, which is attached, the OCC notes that the National Bank Act authorizes national banks to set and charge fees for ATM services and therefore preempts contrary state and local laws such as those which San Francisco and Santa Monica recently voted to adopt.
Robert M. Garsson (202) 874-5770