http://www.reuters.com/article/2011/09/29/us-bankofamerica-debit-idUSTRE78S4GQ20110929
I infrequently use my BoA debit card. Now when I use it, I will have to pay 5 bucks a month for the privilege.
All due to the new Dodd-Frank bill. Cost shifting from the vendors to the consumers.
The law of unintended consequences.
Is this BoA fault or Dodd-Frank/retailer?
I think the latter as shown in this article:
http://campaign2012.washingtonexaminer.com/article/thank-wal-mart-your-new-bank-card-fee?utm_source=TEMPLATE:%20Washington%20Examiner%20Political%20Digest%20-%2010/03/2011&utm_medium=email&utm_campaign=Washington%20Examiner:%20Political%20Digest
Crap like this happens when you try to micromanage the free market.