Minden Press-Herald

Thursday
Sep 18th

Banking Exec. Gives Warning

Dear Editor:

Most Louisiana citizens are unaware of a new federal law that will result in harm to local Louisiana community bank customers and be a windfall for big box merchants. Last year, Congress inserted into totally unrelated legislation an amendment that requires the Federal Reserve Board to fix the price of a service provided in the market. That’s right, the federal government is to fix prices. When consumers swipe their debit cards there is a small fee charged. Consumers don’t see this as it is typically built into the price of the item purchased.

Subscribe to Read!
 

Advertisement

Advertisement

Advertisement

Facebook

Who's Online

We have 1440 guests and 4 members online