Tuesday, March 25, 2014

NDP Taking Direct Aim At Debit And Credit Card Fees

The federal NDP is taking direct aim at the fees consumers pay to use their bank cards at ATMs or debit machines other than their own institution.

Thunder Bay-Rainy River MP John Rafferty says some users are being charged as much as $3 and $4 a transaction when it's only costing banks about 36-cents to handle each transaction.

The NDP wants to limit those fees to  50-cents.