Bank of America nixes $5 debit card fee

Protesters with the 'Occupy Seattle' movement burn a Bank of America debit card. | AP Photo
(Politico)In a win for President Barack Obama and Occupy Wall Street, Bank of America will abandon its plans to charge customers $5 per month to use debit cards.
“We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” said David Darnell, co-chief operating officer, in a statement Tuesday. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
wait a second. how is this a win for anyone? I'd prefer to see Bank of America fail and their competitor get all their business... the way it should of happened

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