California Bankers Association commends new ATM proposal

Legislation from Frommer, Reyes and Wiggins would reduce ID theft

SACRAMENTO December 16, 2003 - The following statement is from the California Bankers Association (CBA) regarding the recent legislative proposal to impose usage guidelines on non-bank ATMs to reduce incidents of ID theft:

"The California Bankers Association commends Assembly Members Frommer, Reyes and Wiggins on their recent legislative proposal that would require independent owners of automatic teller machines (ATMs) to adhere to a set of safety and usage guidelines adopted by the Department of Financial Institutions. California's banks have been complying with usage and safety regulations for years and have been happy to do so. The safety and confidence of our customers always has been and always will be our biggest priority. We believe that by enacting a set of meaningful and enforceable guidelines for non-bank ATM owners, we can further ensure a safe ATM experience for all Californians."

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.