Electronic Payments Coalition

Passed Hastily, Dodd-Frank Is a Counterproductive Mess

“Rather than creating a comprehensive, well considered law that responded to the actual causes of the crisis, Congress included such disparate–and counterproductive–elements as price controls on debit-card fees (the real reason that banks are starting to charge monthly fees on these cards) and new rules micromanaging how corporations run their shareholders meetings. Neither provision had anything to do with the financial crisis.”

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