Bankster pickpockets at it again

[marmar]

Big banks have been fighting new federal rules that seek to limit consumer fees on debit cards and overdraft charges. But in the meantime, the banks have a plan B.

Deal Journal colleague Robin Sidel weighed in with an eye-opening story this morning about several banks changing their ATM policies to rake in more fees.

J.P. Morgan’s retail bank, Chase, is even testing fees of $5 in Illinois and $4 in Texas for people who use a Chase ATM and aren’t a bank customer.

The fees already are big business. As Robin wrote, ATMs generated $7.1 billion in fees last year, according to consulting firm Oliver Wyman. Of that, banks collected roughly $3 billion from charging their customers for using another institution’s ATM. ...........(more)

The complete piece is at: http://blogs.wsj.com/deals/2011/03/16/its-coming-the-5-atm-fee/?mod=google_news_blog

[KansDem]

1. You know, I'd be willing to re-open Alcatraz for these crooks.

Rename ir "Bankertraz"

These banksters could spend the rest of the natural days standing around boasting about who had the sweetest scam while gazing at the San Francisco skyline...

[marmar]

3. Yep. And don't update any of the facilities. Just reopen it as is.

nt

[bvar22]

2. You mean....

..that the "Regulations" written BY the Banking Lobby are full of loopholes, trapdoors, Trojan Horses,
ambiguous & unenforceable wording, and there is no oversight with TEETH?


I'm shocked!




Who will STAND UP and represent THIS American Majority?
Platitudes, Rhetoric, Empty Promises, and Excuses are meaningless now.

"By their WORKS you will know them,"
And by their WORKS they will be held accountable.