Public Relations >> Press Release, October 25, 2002

Press Release

Contact: Anissa Yates
For Release: 10/25/02
916/441-7377

SACRAMENTO - October 25, 2002 - The following statement is from the California Bankers Association (CBA) regarding the Ninth Circuit Court of Appeals' confirmation of federal regulators' jurisdiction over ATM fees:

"The California Bankers Association is pleased with the Ninth Circuit Court of Appeals' decision recognizing the Office of the Comptroller of Currency and the Office of Thrift Supervision's exclusive jurisdiction over banks' ability to charge fees for services. The CBA has long believed, and this decision confirms, that municipalities have no authority in limiting or otherwise determining a bank's authority to charge fees for services provided to customers."

Information about CBA
Established more than 110 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California's more pressing financial and banking issues, including financial privacy, predatory lending, usage fees, and financial elder abuse. CBA's membership includes more than 300 of California's commercial, industrial and community banks and savings associations.

For further information, visit www.calbankers.com or contact Anissa Yates at 916/441-7377.