From the NYT Economix Blog
Financial regulation is a never-ending saga. Restrict banks’ opportunities to turn a profit in one area, and, not surprisingly, they redouble their efforts in another. New credit card rules that went into effect in 2010, as well as legal tussles over “swipe fees,” have created pressure to find other sources of revenue.
As you might expect, the article recommended switching to credit unions to reduce fees. Last year I reviewed how to find the best free checking accounts at the best credit unions.