Rumors continue to swirl around Facebook’s imminent initial public offering. According to Bloomberg, the social media giant has chosen “to take the lead on its planned initial public offering, four people with knowledge of the matter said.” Facebook will file with regulators today in order to raise an initial $5 billion, though Bloomberg reports that […]
Read more at Forbes.
Bank of America, cowed by customer outrage and bad press and by the quick retreat of its biggest competitors from charging similar fees, has ditched their $5 monthly debit card fees. “We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” said […]
Read more at Forbes.
Bank of America is reconsidering its plan to charge $5 monthly debit card fees after public outrage has caused several other large banks to drop their own plans to charge similar fees. Bank of America is reconsidering its controversial move to charge monthly debit card fees after a wave of other big banks have dropped […]
Read more at Forbes.
Bank of America’s decision to charge $5 monthly fees for debit card users has been met with consumer backlash, calls for boycotts, and the start of a migration away from the big bank to smaller banks and credit unions. The purported reason for the new fees traces back is the so-called ‘Durbin amendment’ – a […]
Read more at Forbes.
When Bank of America decided to start charging its customers a $5/month fee for using debit cards, people all across the internet were up in arms. This struck me as wrong-headed off the bat. Five dollars is hardly price-gouging, and paying for a service like debit or checking strikes me as a reasonable idea. Kevin […]
Read more at Forbes.