Skip to main content

View Diary: House Democrats ask Justice Department to investigate banks over debit card fees (71 comments)

Comment Preferences

  •  Nationalize the debit card business, already. (0+ / 0-)

    The banks themselves promoted debit card use to cut down on the expense of paperwork associated with written checks.  That they want to charge for the privilege of doing them a favor is hardly unexpected.

    Have the federal government, perhaps the Federal Reserve, take over the computer networks and the geeks who operate them.  Do away with ATM upcharges, and simply ding the banks and the points of purchase the zillionth of a cent per transaction that it will take to operate the system.  

    I'm guessing both the customers and the merchants will be grateful.  And, once accomplished, the banks might be a little mroe circumspect before they try similar shit in the future.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site