Blame government for ATM fees, Bachmann says

HENNIKER, N.H. -- If your bank starts charging you to use your ATM card, blame the federal government, Republican presidential candidate Michele Bachmann told students here.

"Did ya'll hear last week that your debit card? You now have to pay a five dollar a monthly debit card fee," the Minnesota congresswoman told students at a town hall meeting on the campus of New England College. "Well thank you federal government; that's thanks to Dodd-Frank."

Bank of America announced last month that starting next year they will begin charging debit cards holders $5 monthly fees to customers who use debit cards to make purchases. The bank contends it needs to recoup money it will lose because the Dodd-Frank financial regulations capped the amount of money it can charge merchants for debit card transactions.

Bachmann said if she were elected, she would repeal Dodd-Frank, enacted to curb some of the financial excesses that, according to the bill's supporters, led to the near-meltdown of the nation's credit system in late 2008.

The congresswoman's town hall meeting lasted about 45 minutes before an audience of about 100 students, dotted with Bachmann supporters.

When one audience member likened the Occupy Wall Street protesters to the Tea Party movement, Bachmann quickly begged to differ.

"I don't think they are similar to the Tea Party at all," said the congresswoman, who founded the Tea Party Caucus in the House. "If Occupy Wall Street wants to be upset about something they should go in front of the White House and that is where they should be protesting."

Bachmann will be among the eight GOP presidential contenders participating in the Bloomberg/ Washington Post Debate at Dartmouth College on Tuesday at 8 p.m. ET. She has one more New Hampshire event planned for Wednesday before heading back to Iowa, where she was born and where she is focusing most of her campaign efforts.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by Brocade

    Best of 2016 Federal Forum eBook

    Earlier this summer, Federal and tech industry leaders convened to talk security, machine learning, network modernization, DevOps, and much more at the 2016 Federal Forum. This eBook includes a useful summary highlighting the best content shared at the 2016 Federal Forum to help agencies modernize their network infrastructure.

    Download
  • Sponsored by CDW-G

    GBC Flash Poll Series: Merger & Acquisitions

    Download this GBC Flash Poll to learn more about federal perspectives on the impact of industry consolidation.

    Download
  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

    Download
  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

    Download
  • Sponsored by Aquilent

    A DevOps Roadmap for the Federal Government

    This GBC Report discusses how DevOps is steadily gaining traction among some of government's leading IT developers and agencies.

    Download
  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

    Download
  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

    Download
  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.

    Download
  • Sponsored by CDW-G

    Joint Enterprise Licensing Agreements

    Read this eBook to learn how defense agencies can achieve savings and efficiencies with an Enterprise Software Agreement.

    Download
  • Sponsored by Cloudera

    Government Forum Content Library

    Get all the essential resources needed for effective technology strategies in the federal landscape.

    Download

When you download a report, your information may be shared with the underwriters of that document.