Schumer Objects to ATM "Double Dipping"

Sunday, Dec 6, 2009  |  Updated 12:45 PM EDT
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Schumer Objects to ATM "Double Dipping"

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You wouldn't know it from the outside, but thieves broke into a Waterbury Banknorth branch and stole the inside part of the drive-thru ATM machine, according to police.

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Sen. Charles Schumer is objecting to banks hitting consumers with ATM fees twice per transaction -- a practice he calls "double dipping."

     Schumer said Sunday that 72 percent of banks charge their customers whenever they use another bank's ATM, even though they're already paying a fee to the bank that owns the ATM.
    
Schumer says ATM fees are up almost 13 percent in the last year.
    
Messages left with banking industry groups were not immediately returned Sunday.

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