Tag: Durbin Amendment

Bank fees are on the rise

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 View Article
(The Georgia Public Policy Foundation and the Competitive Enterprise Institute released this Issue Analysis that discusses the impact of federal banking laws in Georgia.) By John Berlau   Few states have been hit as hard by the financial crisis as Georgia.  With her economic engine humming and unemployment hovering around 5 percent for several years until 2008, Georgia suddenly saw thousands of mortgages our and dozens of banks fail in a slide that continues to this day. The Federal Deposit Insurance Corporation has closed at least 80 banks in Georgia since 2008, more bank failures than in any other state in the union.  Even the largest banks in the Peach State are facing a struggle.  In March, Atlanta-based Sun Trust… View Article
Few states have been hit as hard by the financial crisis as Georgia. With her economic engine humming along and unemployment hovering around 5 percent for several years until 2008, Georgia suddenly saw thousands of mortgages sour and dozens of banks fail in a slide that continues to this day. This study examines the impact of the Dodd-Frank Act on Georgia’s banking industry and overall economy. View the study.… View Article

Name one other organization in the state that does what the Foundation does. You can’t.

Independent survey of Georgia business leaders on the Foundation. more quotes