NY A06766

Prohibits casinos and colleges in New York from having ATMs on their premises that charge fees or surcharges exceeding a "fair and reasonable" amount to be established by the Superintendent of the Department of Financial Services

Requires the fee cap to be consistent with prevailing industry norms and standards, with the Superintendent authorized to periodically review and adjust the limit

Establishes that a casino or college is deemed to have knowledge of excessive ATM fees once they receive a consumer complaint about such fees

Imposes a civil penalty of up to $250 per violation for casinos or colleges that knowingly permit ATMs charging fees above the established limit

Takes effect immediately upon passage