September 30, 2011

CHANGE: More bad news for bank customers: Debit card fees. “Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants.” Taking money out of my pocket, and putting it into merchants’ pockets instead. Thanks, feds!