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
- Friday Facts: December 1, 2023
- Home affordability lags in Georgia because of too little supply
- Thankful to be a Georgian
- Friday Facts: November 17, 2023
- 6 Reasons to Empower Georgia Parents
- There is wisdom in the past
- Friday Facts: November 10, 2023
- 4 Issues Facing the Buckhead Community in Atlanta
- Georgia government employees stole Social Security funds and used taxpayer money on personal items
- Georgia Public Policy Foundation releases new report on key issues facing Buckhead