3 major U.S. banks sued for colluding on ATM fees

Lawsuit alleges BofA, JPMorgan Chase and Wells Fargo worked with Visa and MasterCard to fix prices

It seems like it was only a matter of time before someone accused the banks, too.

With a spate of lawsuits being filed in the last week on the suddenly hot topic of automated teller machines (ATM), a New Jersey man yesterday filed a suit against a number of banks, alleging that they colluded with card providers to fix the fees they charge customers seeking to withdraw money.

Join the Conversation

Advertisement. Closing in 15 seconds.