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durbin amendment News

Credit card 'checkout fees' for consumers permitted as of Jan. 27

This week a new rule comes into effect that may impact how often you use your credit card. As of Sunday, stores in most U.S. states are permitted to charge customers a "checkout fee" when paying by credit.

Bank of America scraps $5 monthly debit card fee

Bank of America finally decided to retract their recently imposed $5 monthly debit card fee on customers. Competitors Wells Fargo, SunTrust and Chase had already scrapped their (lower) proposed fees, and now BofA is following suit.

Op-Ed: Bank of America to tack on $5 monthly fee to debit card users

Over the past several months a lot of upheaval has been going on in the banking industry, and one of the notable causes is due to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
 

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