Retirees file wave of lawsuits over ATM fees
Two Michigan retirees have filed a wave of federal lawsuits challenging the ATM fees that banks charge to non-customers.
The Detroit Free Press reports Friday that the lawsuits from Nancy Kinder and Ray Harrison of Fowlerville claim that banks are failing to post notices outside ATMs alerting users about the possible fees as required by a 10-year-old federal law. Just this week, they filed five in one day.
Court records show Kinder and Harrison travel the state by car, looking for ATMs that don't have a notification signs, and photograph the ATMs.
The newspaper reports ATM fee lawsuits by others have been filed in other states as well.
Doug Johnson, vice president of risk management policy for the American Banking Association, says the group views the lawsuits as "frivolous."