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: May 3, 2024
- To impact change, look local
- Hybrid schools look to the future
- Georgia elections are better-positioned than ever before
- What is the Georgia Promise Scholarship?
- Friday Facts: April 26, 2024
- Is this Georgia fee still constitutional?
- Georgians deserve more transparency, consistency and opportunity with open enrollment policies
- 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