Back off on ABM legislation, banks warn MPs

Even as a standoff between big banks and federal Finance Minister Jim Flaherty over cash machine fees subsided yesterday, bankers made sure to leave a parliamentary committee with a warning: Regulate our machines at your peril.

Canadian bankers cautioned MPs probing their user fees against any future notions about legislating what automated banking machine levies they charge, saying they'd pull the plug on some ABMs if that happened.