Wednesday, November 2, 2011

Fee Fie

Bank of America caves:

Bank of America said Tuesday it is dropping its heavily criticized plan to charge customers $5 a month for making purchases with their debit cards.

The nation’s second-biggest bank made the announcement in a brief news release posted on its website.

“We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” David Darnell, co-chief operating officer, said in the statement. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”

But fear not; they will find some other way to screw over their customers.