[macquire]

Banks never “backed off” higher costs for customers. They just decided to make them more invisible - such as lower interest rates for savings, higher mortgage fees and rates, higher checking account fees, fewer customer service employees, and of course lower wages for bank clerks.

[JDW11235]

I can’t remember if it was BofA or Wells Fargo, but one of them tried to charge everytime you saw a customer service representative. I think they were forced to backtrack on that. I refuse to bank with either.

[VegasCowboy]

When the government engages in price fixing, businesses must either raise prices elsewhere or exit lines of business.

Don’t be surprised when tax favored credit unions also start charging more. The Durbin amendment has whacked their revenues too, and believe it or not these entities can’t service small accounts at a loss for long.

[hinckley buzzard]

Citi offered to let me make biweekly mortgage paymenst instead of monthly...save me a lot of interest they said. All I had to do to set it was to pay a $375 processing fee. I figure that means they wanted to charge me about 25 bucks a keystroke by some 8 dollar an hour clerical assistent.

[cherry]

world bankers are evil but we don't have to use them....we could rent and save for many years and then buy a house outright...or we could contract with the owners..we don't have to use credit cards or debit cards....we could put our money under our mattresses....

the banks have screwed us no doubt but when I run up my credit card and then pay it off each month, I feel like I'm screwing them...also, when I take a balance transfer for free without any interest for 1 yr..with no fee transfer fees.......I feel a bit smug...