As the saying goes, there is no such thing as a free lunch. As we predicted in “How Dodd-Frank Price Controls Poach Peach State Prosperity,” the federal price controls enacted by Congress are having unintended consequences. CNN reports that “Checking accounts have been getting more expensive, as banks hike monthly costs, ATM charges and overdraft fees, according to a survey of more than 100 banks released Monday by bank comparison website MoneyRates.com. … These rising fees come as banks continue to look for ways to recoup revenue lost under the Durbin amendment, which took effect last October and limited the fees banks can charge retailers each time customers swipe their debit cards to make purchases, known as interchange fees.”
Recent News
- Georgia Public Policy Foundation applauds Gov. Kemp for signing Georgia Promise Scholarship Act
- Prison contraband, overpaid school bus drivers and wasted COVID-19 relief money made March a month for waste, fraud and abuse
- What is the Georgia Promise Scholarship?
- Georgia should seize the opportunity for deeper tax cuts
- Friday Facts: April 19, 2024
- The right way to end federal student loans
- We aren’t building enough houses. Why?
- Friday Facts: April 12, 2024
- Making public school open enrollment in Georgia more accessible
- Georgia’s craft brewers and customers thirst for less restrictive laws