Dodd-Frank has just raised your parking fees (if you live in DC)

by Ryan Streeter on October 25, 2012. Follow Ryan on Twitter.

A friend just sent me an email from Parkmobile, the text of which I have pasted below. This is hilarious – and sad. For all you folks out there who roll your eyes every time some of us complain about Dodd-Frank, I look forward to hearing you explain the rationale for the Durbin amendment’s bold and courageous assault on….people paying too little for parking transaction fees.

Here’s the email from Parkmobile:

Beginning October 29th, transaction fees in DC will increase from $0.32 to $0.45 due to increased costs triggered by recent federal legislative reform enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act’s Durbin Amendment.

To help offset this increase Parkmobile has developed the Parkmobile Wallet which will provide a more cost-effective parking experience in DC – Wallet transactions will carry a $.30 transaction fee.  You can update your payment method to the Parkmobile Wallet via your Personal Pages at http://parkmobile.us5.list-manage.com/track/click?u=79b93a3402870b6027fb58243&id=b4924d8ab2&e=9a5623bdf7 or from your mobile app (if using iPhone or Android).   If you have forgotten your username/password you can retrieve it using your registered mobile phone number and the last four digits of the credit card on file. The Parkmobile Wallet is FDIC insured.

For more information please visit our website at http://parkmobile.us5.list-manage.com/track/click?u=79b93a3402870b6027fb58243&id=d366e0c29f&e=9a5623bdf7 and click on the Parkmobile Wallet link. If you have further questions click on the orange ‘Help’ tab or email helpdesk@parkmobileglobal.com.

Capital sits like a bored child in accounts around the world as investors worry about uncertainty in U.S. financial markets, but at least Dodd-Frank has given us certainty about one thing: your parking fees are going up!

  • Phil Young

    Well, I can see why so many people are looking into off shore bank accounts. Both the President of the US and his Challanger have them. By the looks of this, I guess Durbin has one too.
    This is clearly a plan to boost the revenue of the currupt DC Area Cab Companies! I wonder who’s campaign they contributed to?