1. Bank of America Decides Against Debit Card Fee After Customer Backlash
... recent Occupy Wall Street movement highlighted the banks' role in the 2008 financial crisis and the home foreclosure crisis that continues today. Molly Katchpole, a 22-year-old nanny, launched a massive online petition that received more than 300,000 signatures. "When I heard about the fee, it was the last straw for me. I'm living paycheck to paycheck and one more fee was just ... returning to Bank of America (The Washington Post). Bank of America's decision closely mirrored Netflix's recent faux pas. "This is Bank of America's Netflix moment," said Mark Shwanhausser, who is a banking a...
- Word Count: 786
- Approx Pages: 3
- Has Bibliography
- Grade Level: High School