As if banks were not already borrowing your money for free and loaning it back out (at very high credit card rates and nominal lending rates) for a huge profit. Under a new industry reform in response to the CARD Act, banks will be charging you to loan your money to them.
It doesn’t take rocket science to figure out why they have the largest buildings in most major cities.
With the recent Credit CARD Act, banks are looking to recoup some of their “lost” revenue. This is a very interesting graphic of the Bank Fee comparisons that have been proposed by many of our nation’s largest banks.
(Infographic via BillShrink)