[tacticalogic]

IMHO, if it passes it will be another case of a government mandated "one size fits all" solution that will benefit people in high-population density areas (where transcation volume can overcome fixed costs) at the expense of people in rural and outlying areas where lower population densities translate into lower transaction rates.

Here in Missouri I see this same thing happen over and over again when politicians in the heavily Democratic St Louis and KC metro areas get state legislation passed that's good for the city residents (their constituents) but sucks for everybody else.

[longtermmemmory]

remember when laws had to be created to stop the insane interest on pay day advances and car loan advances. It was in the neighborhood of 260% per year.

We already have laws on usury.

I am not saying this is good or bad, but with the fact that we now have business which required some form of plastic and simply do not take cash; it is something that must be examined.

It seems this is a main street vs wall street cronies issue.

[dixiechick2000]

“One size fits all” seems to be the marker, and I hate that.

We are in the Portland, OR Metro area, as is the ATM company, and these fees have been eating him alive.