NewsTalk 1290 News & Talk of Texoma » banking http://newstalk1290.com Sat, 25 May 2013 16:52:41 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Bank of America Will Not Charge Monthly Fee for Debit Card Usage http://newstalk1290.com/bank-of-america-no-monthly-fee-debit-card/ http://newstalk1290.com/bank-of-america-no-monthly-fee-debit-card/#comments Tue, 01 Nov 2011 19:05:34 +0000 Shauna Wright http://tsminteractive.com/?p=57847 In September, Bank of America announced it would soon begin charging customers a $5 monthly fee for using their debit cards, saying it was recouping losses from new laws that limited how much it could charge merchants when debit cards were swiped during transactions.

But after a firestorm of negative publicity, BofA waved the white flag of surrender and scrapped the controversial plan.

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