New Mexico bankers are fighting a bill that would cap automated teller
Officials from both the Independent Community Bankers Association of New
The bill, which was scheduled to be heard by the state Senate Public
"I'm not exactly sure what Sen. Tsosie's problem is," said John W.
"He thinks anything above 50 cents is just too much," said Jerry C.
Attempts to reach Sen. Tsosie were unsuccessful.
Sources said that banks in New Mexico currently charge noncustomers
Kent Carruthers, president of $150 million-asset Citizens Bank of Clovis
"Fees help justify their existence," said Mr. Carruthers.
If the bill passes, the banking officials said, it would discourage
"I don't think legislation should interfere with free enterprise," said
As with the similar bills nationwide, sources doubt the New Mexico bill
Mathew Street, assistant general counsel at the American Bankers
"They seem to fail everywhere," Mr. Street said.
In New Mexico, time is running out. The legislative session ends March