Reader comment on: Citibank Raises Check Reorder Fees
Submitted by Jerry Skurnik (United States), Mar 16, 2011 08:27
My understanding of how capitalism works is that the prices that a business charges a customer is based on whether they think the customer will pay. If you (and I as a Citibank customer also) are willing to pay more, do you really think Citibank would not charge these fees if the Dodd-Frank Reform had not passed. Why would they turn down additional profits?
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The Future of Capitalism replies:
Why were they charging less before, then?
Next time I will get the checks from somewhere else,, as the commenter Lyle suggested.
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