1. Bank of America to Start Charging Debit Card Fee
Since announcing their decision to charge debit card users a $5 monthly fee on Thursday, September 29th, Bank of America has received great backlash from the angered customers. In fact, Bank of America, which is the largest bank in America by deposits, saw its stock plummet 2 percent on Friday morning, adding to the ... housing boom (Halzack). Bank of America's decision stems from Senator Richard Durbin's bill that overhauled the banking system by capping the amount of money that banks can charge stores for debit card uses. After announcing its plan to lay off nearly 30,000 employees, Bank of...
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