Dodd-Frank Already Failing Consumers

Conn Carroll / January 05, 2011

The Wall Street Journal reports today:

Banks are considering additional fees on credit cards and checking accounts. But they also are looking at new ways to make money on cash machines and especially debit cards as regulators pinch the cards’ conventional revenue streams.

And what exactly is to blame for all of these new fees and restrictions? WSJ reports: “The proposals, released last month, are part of the Dodd-Frank financial-overhaul bill that was enacted last year.” So much for Congress’ claim that Dodd-Frank would save consumers money. Before the bill was passed, Heritage Foundation analysts David John and James Gattuso predicted: (more…)