1. Bank of America to Start Charging Debit Card Fee
... 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 America sought other sources to cut the losses from the new government regulations ... 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 (The Chicago Tribune). The ... Web on ...
- Word Count: 395
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