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Monthly Archives: October 2011

Freedom and Mobility in Banking Act Introduced

October 18, 2011

Representative Brad Miller of North Carolina recently introduced the Freedom and Mobility in Banking Act. The purpose of the act is to make it easier for consumers to close their account with one bank and move to another bank or credit union. The act follows recent announcements of fee increases […]

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Banks Add Monthly Debit Card Fees To Recoup Income Lost Through Capped Processing Charges

October 13, 2011

Recently, Bank of America announced that it would charge customers a fee of $5.00 per month in any month that the customer uses a debit card to make a purchase. The move created a firestorm among Bank of America customers, who launched a barrage of email complaints and an Internet […]

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