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Looking Closely At Those New Fees From The Big Banks

Friday, January 14, 2011 - 4:22 PM
Ron Lieber in this New York Times article takes issue with the following line that Chase spokespersons have used to justify new fees:
“We don’t want to raise fees on our customers,” a company spokesman said. “But unfortunately, regulation is forcing us to do it. And as a result, some customers may end up unbanked.”

Today's earnings report from Chase showing massive profits don't seem to showing how regulations have been hurting them.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708