Posted inEconomic Security, Policy Topics

Banks drop plans to charge debit card fees

Bank of Amer­i­ca, acknowl­edg­ing that its lat­est attempt to shake more mon­ey out of its cus­tomers’ pock­ets was destroy­ing good­will and hurt­ing rev­enue, announced today that it was can­cel­ing its plans to impose a $5 month­ly fee for deb­it card use, fol­low­ing in the foot­steps of JPMor­gan Chase, Wells Far­go, Sun­Trust, and Regions, which have […]