Credit Card and Debit Card Use: The Effects of Financial Regulation Law - Dodd-Frank (2012)

Credit Card and Debit Card Use: The Effects of Financial Regulation Law - Dodd-Frank (2012)

The bills that came after Obama's proposal were largely consistent with the proposal, but contained some additional provisions and differences in implementation.

The Volcker Rule was not included in Obama's initial June 2009 proposal, but Obama proposed the rule later in January 2010, after the House bill had passed. The rule, which prohibits depository banks from proprietary trading (similar to the prohibition of combined investment and commercial banking in the Glass--Steagall Act) was passed only in the Senate bill, and the conference committee enacted the rule in a weakened form, Section 619 of the bill, that allowed banks to invest up to 3% of their Tier 1 capital in private equity and hedge funds as well as trade for hedging purposes.

The initial version of the bill passed the House along party lines in December by a vote of 223--202,[1] and passed the Senate with amendments in May 2010 with a vote of 59--39[1] once again along party lines.[1] The bill then moved to conference committee, where the Senate bill was used as the base text[17] although a few House provisions were included in the bill's base text.[18]

One provision on which the White House did not take a position[19] and remained in the final bill[19] allows the SEC to rule on "proxy access" -- meaning that qualifying shareholders, including groups, can modify the corporate proxy statement sent to shareholders to include their own director nominees, with the rules set by the SEC. This rule was unsuccessfully challenged in conference committee by Chris Dodd, who -- under pressure from the White House[20] -- submitted an amendment limiting that access and ability to nominate directors only to single shareholders who have over 5% of the company and have held the stock for at least two years.[19]

The "Durbin Amendment"[21] is a provision in the final bill aimed at debit card interchange fees and increasing competition in payment processing. The provision was not in the House bill;[14] it began as an amendment to the Senate bill from Dick Durbin[22] and led to lobbying against it.[23] The law applies to banks with over $10 billion in assets, and these banks would have to charge debit card interchange fees that are "reasonable and proportional to the actual cost" [24] of processing the transaction. The bill aimed to restrict anti-competitive practices and encourage competition, and included provisions which allow retailers to refuse to use credit cards for small purchases and offer incentives for using cash or another type of card.[14]

The Durbin Amendment also gave the Federal Reserve the power to regulate debit card interchange fees, and on December 16, 2010, the Fed proposed a maximum interchange fee of 12 cents per debit card transaction,[25] which estimated would cost large banks $14 billion annually.[26] On June 29, 2011, the Fed issued its final rule, which holds that the maximum interchange fee an issuer can receive from a single debit card transaction is 21 cents plus 5 basis points multiplied by the amount of the transaction.[27] This rule also allows issuers to raise their interchange fees by as much as one cent if they implement certain fraud-prevention measures.[27] An issuer eligible for this adjustment, could therefore receive an interchange fee of as much as 24 cents for the average debit card transaction (valued at $38),[27] according to the Federal Reserve. This cap—which took effect on October 1, 2011, rather than July 21, 2011, as was previously announced—will reduce fees roughly $9.4 billion annually, according to[26] As a result of the government limiting their revenue from interchange fees, banks made plans to raise account maintenance fees to compensate.[28]

The New York Times published a comparison of the two bills prior to their reconciliation.[29] On June 25, 2010, conferees finished reconciling the House and Senate versions of the bills and four days later filed a conference report.[1][30] The conference committee changed the name of the Act from the "Restoring American Financial Stability Act of 2010." The House passed the conference report, 237--192 on June 30, 2010.[31] On July 15, the Senate passed the Act, 60--39.[32][33] President Obama signed the bill into law on July 21, 2010.

Mid-East Prophecy Update - September 22nd, 2013

Pastor JD talks about how the world falling apart is evidence of Bible prophecy coming together

GERALD CELENTE BLOG ~ Trends In The News Moral Obscenities

Gerald Celente Trends In The News Moral Obscenities 8 27 13

"Western countries war talk of intervention inside Syria, the constitution is now officially dead & did Miley Cyrus' recent VMA appearance really have a bad influence on kids? Does a bear shit in the woods!? Think for yourself!" A few people controlling many (and destroying lives): like the mafia (the mob). We are paying the mob to keep them off our back and out of our backyard. Obama wouldn't be Obama if he DIDN'T

lie....different flavors of socipaths - one is far more masterful and skilled in the game than the other: putin vs bamma aka man child-aka rodeo clown. One will be quickly angered and knee jerk in light of the others skill. With that said, it is a very, very bad place for us to be - rooting for the other one! Something quite revealing will come in our view very shortly and Isaiah 17 will complete it's fulfillment.

The Alex Jones Show: Kenya Mall Attack :(VIDEO Commercial Free) Sunday September 22 2013

Obama's Al-Qaeda Attacks Mall In Kenya
On the Sunday, Sept. 22 transmission of the Alex Jones Show, Alex is joined by guest host David Knight to break down bombshell info in the ongoing Kenyan mall attack, whose death toll has risen to 68 with at least
175 wounded. The attack was conducted by the same radical muslim groups Obama supports in Syria and other parts of the world. We'll also cover the strange developments in the Navy Yard shooting case, and cover a broad host of other topics with the aid of special reports produced by the Infowars Nightly News team. We'll also cover where the U.S. stands in its Syrian war efforts and analyze the rise in military suicides. Tune in to this special Sunday edition of Infowars Live at from 4pm to 6pm Central.

Agenda 21 & Fema Camps 2013- Depopulation Plans In America

whats happening though, this NWO is being conducted on American's on American soil. and not by outside threats, but by our own "elected" officials, both republican and democrat. the Patriot Act, the NDAA, FEMA camps and recently, Obama granting immunity and exemption of our laws to U.N. troops....Look at the amount of false flags going on there not too long before martial law

The Drugging Of Our Children - [Full Length]

For years the Pharmaceutical Companies have conspired to diagnose the population with fake illnesses resulting in multi billion dollar yearly profit's and a culture of mental illness and death

Lindsey Williams: How Interest Rates Will Implode the World Economy, Federal Reserve Test

Lindsey Williams: How Interest Rates Will Implode the World Economy, Federal Reserve Test

Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners,&quot ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

Ron Paul exposes United Nations Plan to Destroy U.S. And Take Over of The World

Ron Paul exposes United Nations Plan to Destroy U.S. And Take Over of The World

THE UNITED NATIONS: A Look Into The Future
RARE clips of RON PAUL defending American sovereignty, the good Dr. really has been the lone voice in government standing up for the FREEDOM of the American people before we even felt a sense of urgency.
Dr. RON PAUL has had a consistant message warning about the rise of those elements working from within to destroy the American Constitution.
Dr. Paul,sir, quite frankly I feel that your message fell upon deaf ears during the 80's and 90's but now it is that same message that resonates in the heart of every American that loves FREEDOM.

America now realizes how important your message of FREEDOM is and how it is synonymous with our way of life, you also give the world HOPE for PEACE in these times of war.

But best of all, WE get to VOTE for someone that truly reflects the voice of "WE THE PEOPLE", you have already won because you have lit the torch of LIBERTY and given us HOPE FOR AMERICA (your ideals have inspired a new generation of Constitutionalist Patriots and exposed the false Dem/Rep parties for what they really are Socialists and Facists...

You are in our prayers Dr. RON PAUL and know that we will carry your message far and wide until we are once again truly the LAND OF THE FREE AND THE HOME OF THE BRAVE...
Support The RƎVO˩UTION !

There are three branches of the United States of America
Executive Branch
•The executive branch of the government is responsible for enforcing the laws of the land. The president, vice president, department heads (cabinet members), and heads of independent agencies carry out this mission.
•Judicial Branch
Courts decide arguments about the meaning of laws and how they are applied. They also decide if laws violate the Constitution—this is known as judicial review, and it is how federal courts provide checks and balances on the legislative and executive branches.
•Legislative Branch
Article I of the Constitution establishes the legislative or law making branch of government. It has a two-branch Congress—the Senate and the House of Representatives—and agencies that support Congress.

There are five agencies of the U.N. in the United States.
1. "United Nations"
2. "Federal Reserve"
3. "Internial Revenue Service"
4."Central Intelligence Agency"
5."Federal Bureau of Investigation"
Please correct me if I am mistaken...

The Thorium Conspiracy - Stuff They Don't Want You to Know

The Thorium Conspiracy - Stuff They Don't Want You to Know

Nuclear power is found throughout the world, and the vast majority of nuclear reactors run on uranium. Uranium has several drawbacks, and disasters such as the meltdowns at Fukushima and Chernobyl stand as powerful examples of the potentially catastrophic risks posed by nuclear power. But, according to numerous sources, there's an alternative to uranium. Though thorium isn't perfect, it's more plentiful and arguably safer than uranium. So why aren't we using it? Check out this Stuff They Don't Want You To Know video and learn more about thorium, nuclear power and conspiracy theories]

Kenyan Mall Hoax The Camera Man Can

Kenyan Mall Hoax The Camera Man Can

URGENT WW3 ALERT - Russian Embassy Shelled In Damascus; Lavrov Says USA Blackmailing Russia

Mortar shell hits Russian embassy compound in Damascus
A mortar shell has hit the Russian embassy compound in the Syrian capital Damascus. Earlier reports suggested that there were two shells and several people were wounded, but these reports weren't confirmed. "Russia's embassy is working normally," the embassy's guard on duty stressed.

Maybe they are forcing Russia to "officially" put boots on the ground in Syria and then they will counter with the spin that Russian troops are helping Assad? They have been forced into a corner and plan b ,c or z will be put into effect?

The Illuminati Sellouts Exposed

These guys are selling out and trying to bring you along with them..

The American education system is criminelthey WANT us to think we're "evolved from monkeys who evolved from frogs"--to keep ourselves sunk in the lowest self image--they conquered our pride, and with their "abortion is womyn's RIGHT!" horseshit they've conquered the masses completely: "Abort thyselves out of existence, human dogs." And so they do it.Look Mark, Darwinian evolution's theory is a bullshit. Remember that Charles Darwin was a member of secret societies... His thoughts had one simple goal: taking us away from our spirituality, the direct contact with our creator: God. Has you correctly said: our culture is mined; what we learn at school and in all majority of books is a lie, simply to maintain our mind controlled and act like they want. We have to be more selective.

Help Obama Start WW3 !

President Obama needs your help starting World War III! Find out how you can help! ,This is what America has done each time they have started a new war.. The dollar is used in all kinds of trade by LAW.. and when people don't want to trade oil or gold or minerals in us dollars, which we need for our iphones and cars. the big hogs on top of the dollar-pile then have a good reason for terrorizing some other countries which don´t want to be controlled by Team America!

Globalist Conspiracy Plans for the New World Order Exposed (Full Documentary)

Globalist Conspiracy Plans for the New World Order Exposed (Full Documentary)

This documentary and the rest of the documentaries are about important times and figures in history, historic places and sites, archaeology, science, conspiracy theories, and education. The Topics of these video documentaries are varied and cover almost everything, including ancient history, Rome, Greece, science,
technology, nature, planet earth, the solar system, the universe, war, science, education, television, archaeology, martial arts, space, aliens, ufos, conspiracy theories, Nephilim, Illuminati, Area 51, serial killers, paranormal, supernatural, cults, government cover-ups

WEBSTER TARPLEY ~ World Crisis Radio September 21 2013

Webster Tarpley world crisis radio September 21 2013

"World Public Opinion Turning Against Kerry-Hague-Fabius Big Lie on Syrian Poison Gas Atrocity; State Department Apoplectic as Rebels Emerge as Perpetrators; Pope Francis Focuses on Pastoral Mission Over Dogmas in Vatican Left Turn"


When will America Collapse? Today's bad news provide a timeline to Economic Collapse.

Double dip recessions, falling home prices, mortgage foreclosures, high unemployment, tight oil supply and rising sovereign debt are today's news. What does tomorrow hold for us? By examining today's news we can look at one possible scenario and the future isn't pretty.

Citizen Rights & America's Decline - Coast to Coast AM - September 22 2013

Coast to Coast AM - September 22 2013 - Citizen Rights & America's Decline

Coast to Coast AM Today Date: 09-21-13 Coast to Coast AM Host: John B. Wells
Coast to Coast AM This Week Guests: Skip Coryell, Larry Kelley Coast to Coast AM Topic: Citizen Rights & America's Decline

Release Date ( Sept 22 2013 ) Air Date ( September 21 2013 )
Joining John B. Wells in the first half, writer and founder of the Second Amendment March, Skip Coryell, discussed what happens when society's thin veneer of civility is stripped away after the people give up their rights. Next, Larry Kelley, who contends that America is in decline, shared details of his interview with resistance fighters inside Iran.

World War 3, Greater Israel & Real Axis of Evil

The Truthseeker: World War 3, Greater Israel & Real Axis of Evil (E24)

Rebels say they'll attack the US, Israel expands into Syria and the World War III Project. Seek truth from facts with Syria expert Sharmine Nawarni, Pepe Escobar of the Asia Times, Member of European Parliament Nick Griffin, Storyleak editor Anthony Gucciardi, Questioning the War on Terror author Dr. Kevin Barrett, and former NSA intelligence officer Scott Rickard.
obviously our president is doing what any man would do if he sees a person being bullied in his neighborhood, Obama Lets go for Bashar Al Assad! YES WE CAN!

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN

Let me tell you why you're here. You're here because you know something. What you know you can't explain, but you feel it. You've felt it your entire life, that there's something wrong with the world. You don't know what it is, but it's there, like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. Do you know what I'm talking about?

Morpheus The Matrix 1999