<p>DES MOINES, Iowa – It looks like the ATM surcharge rules in Iowa are permanently changed. According to Iowa Solicitor General Dennis Johnson, the state’s attorney general’s office has no plans to appeal the recent ruling which gives national banks the right to collect ATM surcharges. The Iowa Credit Union League, a staunch supporter of the state’s fight, has expressed disappointment that there won’t be an appeal. Since the 8th Circuit Court of Appeals has ruled against Iowa banking laws in the past, Johnson said “it’s pretty clear what will happen” if the state appeals. So that state chartered banks can compete, the Superintendent of Banking Thomas Gronstal has lifted the last ATM surcharge ban left in the state. Until recently Iowa was the only state to successfully ban the ATM fees.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.