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Susan Jones CNSnews.com 10/4/2011 President Obama suggested on Monday that the nation’s banks should “take a little bit less of a profit” rather than raise fees on customers. In an interview with ABC’s George Stephanopoulos, Obama was asked if the government can stop banks from imposing a new debit card fee on their customers. “Well, […] October 5th, 2011 | Tags: bank fees, Consumer Finance Protection Bureau, debit card transactions, Dodd-Frank Wall Street Reform and Consumer Protection Act, Richard Cordray, Sen. Dick Durbin | Category: Banking and finance, Barack Obama, federal regulations, Federal Reserve | Comments are closed
Joe Weisenthal Business Insider 10/4/2011 This morning we touched on Obama’s comments with regard to Bank of America’s controversial, $5/month debit card fee. When asked about it by George Stephonopolous, Obama said that it was stuff like this called for the Consumer Financial Protection Bureau. That immediately seemed wrong to us, as in, setting prices […] October 4th, 2011 | Tags: bank fees, Bank of America, Consumer Financial Protection Bureau (CFPB), Dodd-Frank Wall Street Reform and Consumer Protection Act | Category: Banking and finance, Barack Obama, federal regulations, Progressives | Comments are closed
Mike Brownfield The Morning Bell Heritage.org 10/3/2011 Use a debit card? Now it’s really going to cost you. Bank of America announced last week that it will begin charging customers $5 per month for use of their debit cards. But if you’re looking for someone to blame, set your sights on Washington. Bank of America […] October 3rd, 2011 | Tags: "Durbin amendment", bank fees, Bank of America, checking accounts, debit cards, Dodd-Frank Wall Street Reform and Consumer Protection Act, JPMorgan Chase, Sen. Dick Durbin, Wells Fargo | Category: Banking and finance, Congress, federal regulations, Federal Reserve | Comments are closed
Voice of America News 12 January 2010 The U.S. central bank made a record profit in 2009 due to earnings it accrued through emergency measures aimed at saving the economy from crisis. In a preliminary report released Tuesday, the U.S. Federal Reserve said it will turn over $46.1 billion to the federal government. That money […] January 12th, 2010 | Tags: bank fees, record profit | Category: Banking and finance, Federal Reserve, TARP, Treasury Department | Comments are closed
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