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To: Libloather
Under the new rule, such a family receiving the maximum benefit would have to go to the ATM more than a dozen times to get the full benefit, which would be whittled away by an 85 cent fee for each withdrawal after the first one.

Who gets to collect that fee?

7 posted on 04/04/2015 9:40:42 AM PDT by Gunslingr3
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To: Gunslingr3
Who gets to collect that fee?

Those evil banks.

10 posted on 04/04/2015 9:43:02 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Gunslingr3

Well, I suspect that the ATM fee is collected by whichever institution owns the ATM. But the real scandal is the money that is raked in by one company who gets to run the show with EBT transactions, no matter which company is selling goods.

I remember reading about it some time back. Can’t remember for sure which company. (Goldman-Sachs keeps coming to mind, but that does not sound right.)


33 posted on 04/04/2015 11:32:15 AM PDT by Bigg Red (Let's put the ship of state on Cruz Control with Ted Cruz.)
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To: Gunslingr3

Okay, I did a search, and it was not hard to find the answer to my own question: JP Morgan.

http://www.thedailybeast.com/articles/2012/10/01/jp-morgan-s-food-stamp-empire.html


34 posted on 04/04/2015 11:35:24 AM PDT by Bigg Red (Let's put the ship of state on Cruz Control with Ted Cruz.)
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