Mayor Signs ATM Bill
January 5th, 2011
The veto pen has been put away.
After much contemplation, Mayor Michael Bloomberg signed legislation to drastically increase fines for illegal ATMs yesterday. The mayor held off on signing the measure in December after small businesses raised concerns that it might hurt communities with little access to major banks.
Fines for property owners with illegal ATMs — basically any ATM on a sidewalk — will climb from $250 to $5,000. If a property owner racks up $50,000 in fines, then the ATM will be seized.By Courtney Gross on January 5, 2011, 6:31 pm
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