Eh...it's all a balancing act. I think specific regulations have little net impact. Reg 1 limits Fee X, so bank increases Service Charge Y; Reg 2 limits Service Charge Y, so bank increases Fee Z, and so on, and so forth.
Regulate everything, and banking stops working. Regulate nothing, and consumers are screwed left and right. There's a balance to be found somewhere between the two.
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Date: 30/9/11 17:15 (UTC)Regulate everything, and banking stops working. Regulate nothing, and consumers are screwed left and right. There's a balance to be found somewhere between the two.