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Released: October 31, 2011
Credit unions pounce after banks raise fees
Source: Danielle Douglas, Washington Post
At Lafayette Federal Credit Union in Kensington, officials wasted no time in taking aim at Bank of America’s decision to levy fees on debit cards. Within two weeks of the megabank’s Sept. 29 decree, the credit union placed ads in area newspapers telling consumers:
“There’s no reason to pay your bank, when we’re here to pay you, with: no-fee checking and debit card, no minimum balance requirements . . . dividends paid quarterly.”
Read Full Article: Credit unions pounce after banks raise fees
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