by Erik Kain on October 28, 2011
Bank of America is reconsidering its plan to charge $5 monthly debit card fees after public outrage has caused several other large banks to drop their own plans to charge similar fees. Bank of America is reconsidering its controversial move to charge monthly debit card fees after a wave of other big banks have dropped [...]
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by Erik Kain on October 16, 2011
Bank of America’s decision to charge $5 monthly fees for debit card users has been met with consumer backlash, calls for boycotts, and the start of a migration away from the big bank to smaller banks and credit unions. The purported reason for the new fees traces back is the so-called ‘Durbin amendment’ – a [...]
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by Erik Kain on October 4, 2011
When Bank of America announced recently that it would begin charging its customers five dollars a month for using their debit cards, the public outrage was palpable. The internet ignited with angry customers decrying the greed of the big banks and the stupidity of this latest attempt to “squeeze” them for every last penny. I [...]
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by Erik Kain on October 1, 2011
When Bank of America decided to start charging its customers a $5/month fee for using debit cards, people all across the internet were up in arms. This struck me as wrong-headed off the bat. Five dollars is hardly price-gouging, and paying for a service like debit or checking strikes me as a reasonable idea. Kevin [...]
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E.D. Kain is a blogger and freelance writer. Currently he serves as Editor-in-Chief of The League of Ordinary Gentlemen and writes a policy blog at Forbes. He can be found occasionally composing 140 character cultural analysis on Twitter. His writing has appeared in The Atlantic, The National Review, The Washington Examiner, and the now-defunct True/Slant.
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