1. Bank of America to Start Charging Debit Card Fee
... 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 56 percent decrease the bank's stock has experienced this year. Shares are ... 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 n...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography