Fines set to increase for sidewalk ATMs

A new rule proposed by the New York City Council would make it illegal for businesses to keep ATMs on the sidewalk.

Under the new rule, landlords who refuse to remove the ATMs from the sidewalk will be fined $5,000 a week. A business can rack up to $50,000 in fines for keeping an ATM outside. After that, the city will take the machine away itself.

If the rule goes into effect, building owners who have ATMs on their properties would have 30 days to remove them.

Some ATM users say the new rule makes sense because it would discourage crooks from installing fake machines and stealing people's identities.

Mayor Michael Bloomberg still needs to approve the fine increase before the new rule goes into effect.

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