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The Water Cooler
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$5 Debit Card fees????
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<blockquote data-quote="SMS" data-source="post: 1630642" data-attributes="member: 42"><p>It's going to spread to other banks. Thank Senator Dodd and his banking "reform" that limited the fees that banks can charge retailers for using their credit card service and other charges revolving around the services and products that banks offer. </p><p></p><p>Just goes to show that artificially limiting prices just results in the revenue stream being shifted to another source. Viola! Increased debit card fees....</p><p></p><p>Face it, banks offer a service, a product, or a convienience to consumers just like every other business. If you don't like what they charge you can find another bank or keep your money under your mattress and see how that works out for you...just don't expect good things when the government starts meddling in it.</p></blockquote><p></p>
[QUOTE="SMS, post: 1630642, member: 42"] It's going to spread to other banks. Thank Senator Dodd and his banking "reform" that limited the fees that banks can charge retailers for using their credit card service and other charges revolving around the services and products that banks offer. Just goes to show that artificially limiting prices just results in the revenue stream being shifted to another source. Viola! Increased debit card fees.... Face it, banks offer a service, a product, or a convienience to consumers just like every other business. If you don't like what they charge you can find another bank or keep your money under your mattress and see how that works out for you...just don't expect good things when the government starts meddling in it. [/QUOTE]
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