1. Bank of America to Start Charging Debit Card Fee
... , Bank of America sought other sources to cut the losses from the new government regulations, and immediately turned to consumers to gain back their profits (Dennis). Basically, Durbin's amendment to the Dodd-Frank financial regulation takes money from banks and gives it to retailers, but retailers have announced no plans to pass on the savings to customers (The Chicago Tribune). However, even Durbin disagrees with the bank's decision to maintain profits by charging customers ... . "Bank of America is trying to find new ways to pad its profits by sticking it to its customers," he said (Th...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography