More unintended consquences
June 18, 2010 | alternatives, industry | Comments (1)The crackdown on overdraft fees means the end of free checking. From the story:
Bank of America Corp. and its rivals are moving away from free checking accounts as they grapple with losing millions in fee revenue from new regulations on overdrafts.
Comments»
For which they will undoubtedly get blasted by the liberals. They just aren’t going to be happy until no segment of the financial services industry is profitable. How can they expect an economic recovery on those terms?