1. Bank of America to Start Charging Debit Card Fee
... 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 56 percent decrease the bank's stock has experienced this year. Shares are down 44 percent for the quarter. Additionally, the ... can charge stores for debit card uses. After announcing its plan to lay off nearly 30,000 employees, 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 ...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography