Electronic Payments Coalition

Regulation Fuels 21% Surge in Checking Fees

“Fees have increased as regulations have curtailed some of banks’ related revenue sources, Javelin said. Rules requiring banks to get consumers’ consent for overdraft protection, and limiting what banks may charge merchants on debit transactions, have cost the industry about $12.2 billion annually, according to the study.”

Updated Last:
February 29, 2012

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