Investors worry that the problems at a handful of American banks could ripple across the world economy and unexpected surprises may be lurking. But this is not 2008. Regulations in the US and Europe are much stronger today than they were 15 years ago.
Behind Bank of America’s decision to charge debit card fee
As consumers try to find safe places for their cash, they’re putting banks in a pickle. Banks actually pay to keep you cash and because they’re not lending it or investing it, it’s costing them money.
Petition against Bank of America debit card fee goes viral
An angry Bank of America customer has launched an online petition to protest the bank’s planned debit card fee of $5 per month. Almost 225,000 people have signed it.
Government gives prepaid debit cards for benefits, consumers get slapped with fees
More than 40 state governments now have contracts with banks to give unemployment benefits on pre-paid debit cards. Banks are cashing in on the game with fees.
