Obama administration mulls bank fee to recoup losses

Although most of the major banks that received money through the Troubled Asset Relief Program have repaid the government, the White House is considering a fee to recoup the cost of the program. While few details about the fee are available, officials say the administration is trying to structure it so banks cannot pass the cost along to their customers. Industry insiders are scrutinizing the move and its timing. "Placing additional taxes on top of the new regulatory burdens will stifle the industry just as the economy is beginning to recover," said Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable.

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