Bofa Cancels Plans For $5 A Month Debit-card Fee

The bank reverses course after customer complaints and rivals including JPMorgan Chase & Co. and Wells Fargo & Co. decide against imposing a similar fee.Bank of America abandoned plans to charge customers $5 a month to use their debit cards, marking a high-profile retreat for a fee that became emblematic of the current populist outrage against Wall Street.

Topics:  jpmorgan chase   wells fargo   america   street    co   plans   month   fee   

 

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