New York - Mayor Delays Signing Bill Authorizing Sidewalk ATM Crackdown
New York - Mayor Michael Bloomberg delayed signing a bill Monday that would have increased fines on illegal sidewalk ATMs.
Members of the newly formed New York City ATM Association joined small business owners at City Hall to voice their concerns over the proposed law.
They say the fines, which would have jumped to as high as $5,000, would cost thousands of jobs and hurt Hispanic communities.
The group also said there are not a lot of other options to get access to cash in some neighborhoods.
Bloomberg vowed to review the issue and make a decision right after Christmas.
"I don't want to be the Grinch that stole Christmas, on the other hand, the city has requirements and one of the issues here is the ability to pass on the sidewalk and these units tend to be right in the middle of the sidewalk and there are plenty of people who don't like them the same way there are plenty of people that do like them,"s aid the mayor. "I am particularly concerned about jobs in this city, particularly with small businesses."
Opponents of the sidewalk ATMs say they are safety threats and decrease the quality of life.