{"id":2558,"date":"2010-06-17T15:52:38","date_gmt":"2010-06-17T23:52:38","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=2558"},"modified":"2010-06-17T16:00:17","modified_gmt":"2010-06-18T00:00:17","slug":"because-congress-couldnt-pass-something-called-the-free-unlimited-checking-killer-banks-act-of-2009","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/because-congress-couldnt-pass-something-called-the-free-unlimited-checking-killer-banks-act-of-2009\/","title":{"rendered":"Because Congress couldn&#8217;t pass something called &#8220;The Free Unlimited Checking Killer for Young, Old, and Underprivileged Americans Act of 2009&#8221;"},"content":{"rendered":"<p>From the <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703513604575311093932315142.html?mod=WSJ_hps_LEFTWhatsNews\">WSJ<\/a>:<\/p>\n<blockquote><p><em><span class=\"companyRollover link11unvisited\">Bank of America<\/span> Corp. and  other banks are preparing new fees on basic banking services as they try  to replace revenue lost to regulatory rules, in a push that is expected  to spell an end to free checking accounts for many Americans. <\/em><\/p>\n<p><em>Free  checking accounts, which have been widely available for more than a  decade, have been a boon to middle-class consumers and attracted  low-income customers to the banking system for the first time.<\/em><\/p><\/blockquote>\n<p>The actual name of the act was <a href=\"http:\/\/dodd.senate.gov\/?q=node\/5278\">The Fairness and Accountability in Receiving (FAIR) Overdraft Coverage  Act<\/a>.\u00a0 That sounds much better than the title of this post.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the WSJ: Bank of America Corp. and other banks are preparing new fees on basic banking services as they try to replace revenue lost to regulatory rules, in a push that is expected to spell an end to free checking accounts for many Americans. Free checking accounts, which have been widely available for more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2558","post","type-post","status-publish","format-standard","hentry","category-unintended-consequences"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=2558"}],"version-history":[{"count":8,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2558\/revisions"}],"predecessor-version":[{"id":2566,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2558\/revisions\/2566"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=2558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=2558"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=2558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}