What's next B of A??

The banks needed $0.44 per transaction to cover the cost of providing debit cards. Out "protectors" in congress decided they should only get $0.22 per transaction. "That's OK", said the banks, we'll just charge a $5.00 monthly fee for the privilege of using a debit card and all will be cool. (Of course, prices for merchandise went down as a result of the limitation on debit card fees. Haven't you noticed?)

Guess what?!?!? Customers revolted, banks backed down. So now what they gonna do?? If it really costs 44 cents and they are getting 22 cents, it's gotta come from somewhere. Or..... maybe it didn't really cost 44 cents after all???

Debit card swipe fees

I'm so glad our government stepped in to save us from the evil banks charging merchants too much for debit card swipes!! Yeah, I know the banks are introducing fees for debit cards, but the prices in the stores are going DOWN since they don't have to pay the evil banks so much, so all is good, right???

But, the banks can't charge fees for debit card use.... there otta be a law!!!