It takes the average reader and 36 minutes to read The Impact of Debit Card Regulation on Checking Account Fees by Richard J. Sullivan
Assuming a reading speed of 250 words per minute. Learn more
In 2010, when Congress authorized the Federal Reserve to cap the fees paid to banks for debit card transactions, some news reports predicted the banks might react by increasing checking account fees. The cap on debit card fees reduced revenue significantly for some banks, and the concern was that they might seek to offset their losses by raising more revenue from checking accounts. In fact, in recent years, many of the large banks bound by the new debit card regulations have raised their checking fees. But thousands of smaller banks that were exempted from the regulations have taken varying approaches to checking account fees, some raising and others lowering the fees. The net effect on consumers has remained an open question. This article examines broad samples of regulated and exempt banks, compares their fee structures before and after the imposition of debit card regulations, and finds that -- on net -- consumers actually had increased access to free checking after the debit card regulations went into effect in late 2011. Figures and tables. This is a print on demand report.
The Impact of Debit Card Regulation on Checking Account Fees by Richard J. Sullivan is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read The Impact of Debit Card Regulation on Checking Account Fees aloud.
The Impact of Debit Card Regulation on Checking Account Fees is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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