Currently, banks and other ATM operators are free to charge consumers whatever they want for using their machine. And backers of the amendment maintain that those who tend feel the brunt of those fees are lower- and middle-income Americans, precisely those who can't afford it.
Indeed, ATM fees aren't cheap these days. Last year, consumers were assessed $3.54, on average, every time they used an ATM that isn't controlled by their own bank, according to Bankrate.com.
Why is it the Congress' business how much banks charge in ATM fees? Is there now some "right" to cheap access to money whenever you need it? If people often feel the need to get money from an ATM that isn't controlled by their own bank, wouldn't a simple solution be to switch banks? Or perhaps to plan ahead?
Congress should spend less time on issues like this and more time on keeping our government solvent.