There are a couple politicians looking out for us.. NO FEES!

simi · #1 10-18-2011, 10:08 AM

http://www.miamiherald.com/2011/10/1...l-florida.html

Will be interesting to see if they can make it happen. Bet if they do a lot of other states will jump on the wagon.

simi · #2 10-18-2011, 10:11 AM

And an even better sign?

Your search - Jeff Clemens scandal - did not match any documents

You don't see that often searching the same term for congressional members.

simi · #3 10-18-2011, 10:21 AM

And then you have these guys trying to repeal the Durbin Act.. http://www.vendingtimes.com/ME2/dirm...BEB96AE2D309F7

So why not just create a new law that says you can not charge ANY fees for using a debit card? The banks forced us to go to debit and credit cards. You can not get a paycheck any more if you don't do direct deposit. A lot of companies won't write a check to pay you. We have no choice unless we go to the bank and take out all our money so we can spend it. Even then, try spending cash on the web..

The banks say the new fees put on us are to make up for lossed the Durbin Act caused. Even if they didn't charge a fee to allow us to use our cards, they still will be making a profit. QUIT BEING GREEDY!!!! BOA just posted a quarterly profit of 6.2 BILLION without this new fee...

bhunter · #4 10-18-2011, 02:55 PM

Quote:

Originally Posted by simi

And then you have these guys trying to repeal the Durbin Act.. http://www.vendingtimes.com/ME2/dirm...BEB96AE2D309F7

So why not just create a new law that says you can not charge ANY fees for using a debit card? The banks forced us to go to debit and credit cards. You can not get a paycheck any more if you don't do direct deposit. A lot of companies won't write a check to pay you. We have no choice unless we go to the bank and take out all our money so we can spend it. Even then, try spending cash on the web..

The banks say the new fees put on us are to make up for lossed the Durbin Act caused. Even if they didn't charge a fee to allow us to use our cards, they still will be making a profit. QUIT BEING GREEDY!!!! BOA just posted a quarterly profit of 6.2 BILLION without this new fee...

Do you believe that a business has a duty to shut down ventures that are not profitable? There are costs associated with operating an ATM/credit network. Its actually surprising that it is as cheap as it is. Also remember that those smaller banks are dependent upon the network maintained by the larger banks.

simi · #5 10-18-2011, 03:23 PM

The banks are the ones that forced us to a paperless society (along with the web) Let them figure it out. I'd rather have cash than give people money so I can spend my money.

merrylander · #6 10-18-2011, 03:39 PM

Quote:

Originally Posted by simi

The banks are the ones that forced us to a paperless society (along with the web) Let them figure it out. I'd rather have cash than give people money so I can spend my money.

You got that right, just try checking into a hotel without showing them a credit card - BTDT - had to go downstairs every evening and settle the bill.

simi · #7 10-18-2011, 03:48 PM

I lasted out until I was about 32 until I HAD to get a checking account and credit card. I had to have an account to get paid because my company would not pay in check. I also had to have one because I had to travel for work, and as Rob stated, try getting a hotel room or a rental car without a credit card.. .you can't.

bhunter · #8 10-18-2011, 05:42 PM

Quote:

Originally Posted by simi

The banks are the ones that forced us to a paperless society (along with the web) Let them figure it out. I'd rather have cash than give people money so I can spend my money.

The environmentalists were pushing for a paperless society. I wouldn't think banks would be too excited about investing in the infrastructure unless they saw something that they could sell, namely, convenience. I'd rather have gold, but it sure would be inconvenient to use it on a day to day basis. Compare historically where banks got their income streams. Traditionally it was from loans, but I would suspect that has changed to more active convenience services.

No one seems to complains over the higher prices charged by convenience stores or the absurd profit margins of a Microsoft or an Apple.

bhunter · #9 10-18-2011, 05:45 PM

Quote:

Originally Posted by merrylander

You got that right, just try checking into a hotel without showing them a credit card - BTDT - had to go downstairs every evening and settle the bill.

A matter of conveneience and security for both the user and the hotel. The card makes the tranaction safer and more secure for everyone.

simi · #10 10-18-2011, 05:46 PM

Gold is a good idea. Wouldn't be too inconvenient for me.. it would be a really light sack..