Dodd-Frank "Reform" Leads Banks to Hike Debit Card Fee

Rush Limbaugh.com ^ | September 30, 2011 | Rush Limbaugh

[federal__reserve]

I did not accuse you of wanting government control, I asked you if you would be for it, and I am sure you are not.

The main point is, any bank is a free enterprise, free to charge whatever they think is in the best interest of the business. There is no mandate which requires us to open a checking account. If you are unhappy with one bank, shop for
the next one or find an alternate method to save you money.

[federal__reserve]

And by the way I am against Dodd-Frank law because it is over-regulation. What is really needed is to bring back Glass-Steagall. Repeal of that law is the main reason for the banking debacle of 2008, and I can see more such debacles ahead.

[mouske]

“The main point is, any bank is a free enterprise, free to charge whatever they think is in the best interest of the business. There is no mandate which requires us to open a checking account. If you are unhappy with one bank, shop for
the next one or find an alternate method to save you money.”

I agree with your above comments. As a practical matter, we still need checking accounts (my old fashioned opinion). My problem lies in finding “an alternate method.”