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 [...]
Read more at Forbes.
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 [...]
Read more at Forbes.
