1. Bank of America to Start Charging Debit Card Fee
... the bank'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 ... , 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 to the Dodd-Frank financial regulation takes money from ... said (The Chicago Tr...
- Word Count: 395
- Approx Pages: 2
- Has Bibliography