BIRMINGHAM, Ala. – Tenacity seems to be Alabama State Democratic Representative William Parker's middle name. Parker has vowed to re-introduce his proposal to limit the ATM fees banks charge non-customers to $1 per transaction or 50 cents each for the surcharge and interchange fee, according to the Birmingham News. His previous attempts failed to make it out of the state House Banking Committee before the last day of the regular legislative session on May 21. Parker seems to have retaliated by opposing an Alabama Bankers Association-backed bill that would have reduced the foreclosure redemption period, which is the time owners have to pay off a loan and reclaim their property, from one year to six months. Now the bankers seem willing to discuss the matter with Parker in hopes of reaching a compromise.
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