Senate Banking Committee Chairman Alfonse M. D'Amato renewed his commitment Wednesday to banning ATM surcharges.

The charges are "wrong, unconscionable, and they must be stopped," the New York Republican said at a press conference called to trumpet a report showing nearly half of all banks are levying the fees.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.