Banks Charging for Checking Accounts Due to Dodd-Frank Regulations
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- Created on Thursday, 27 September 2012 13:09
- Written by Cliff Levine
The Dodd-Frank Financial Reform bill that was rammed into law in 2010 is beyond destructive to the financial industry. Billed as a law that would entail consumer protections, it actually gives the government unprecedented control over the banking system, with over 420 new rules and regulations, most of which haven't even been implemented because they're so massive. Thanks to these regulations, free checking accounts are now considered a luxury.