Tag: Credit Card Price Controls

By Kelly McCutchen and John Berlau The news that Bank of America is again testing new fees is likely to prompt even more consumers, in Georgia and other states, to take their business away from big financial institutions and give it to regional banks and credit unions. While competition is the American way, it’s important to note that Bank of America and other banks are responding to federal price controls that raise costs for debit card processing. Now, smaller banks and credit unions (and their customers) are at risk from the same Washington price controls. These price controls, contained in the Durbin Amendment of “Dodd-Frank,” the so-called financial reform law Congress rammed through in 2010, offer no tangible benefits to… View Article

The Foundation should take a lot of pride in your influence on Georgia governmental policy over the past several years. If you look back on several things that you were crying in the wilderness about several years ago, you will find that Governor Miller adopted them…your influence and your pressure on that process has been a major factor in governmental policy in Georgia. You should be congratulated.

Governor Sonny Perdue more quotes