The news that Bank of America is going to charge customers $5 a month for using debit cards should come as no surprise at all to those who’ve been following that legislative monstrosity called Dodd-Frank. Following on from my previous post: There’s an excellent summary of just how the “bootleggers” of the big box stores joined with the anti-banking “Baptists” to kill off free checking by John Berlau over at Openmarket.
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About the Author
Iain Murray is vice president for strategy at the Competitive Enterprise Institute.
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