Fees, tight credit a direct response to Fed policy on banking industry

Chicago Sun Times | October 2, 2011

“And it’s only fair to tell the rest of the story, which is quite often the story of “unintended consequences.” Or as I learned many years ago in high school science class: ‘For every action there is an opposite and equal reaction’…The limit will cost banks billions in revenues. Did you think they wouldn’t try to make it up elsewhere? Say goodbye to free checking and debit card reward programs, and hello to debit card usage fees.”

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