1. Bank of America to Start Charging Debit Card Fee
... 's stock has experienced this year. Shares are down 44 percent for the quarter. Additionally, the bank faces multibillion-dollar lawsuits and financial losses from its questionable mortgage practices during 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 ... by sticking it to its customers," he said (The Chicago Tribune). The backlash from their most recent announcement about the debit card fee spans far and wi...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography