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Released: January 26, 2012
How to deal with higher bank fees in 2012
Source: Herb Weisbaum, MSNBC
You should expect bank fees to go up again this year. How can that be? Customer outrage just forced Bank of America and several other big banks to scrap plans to charge a monthly debit card fee.
Bankers still need to replace billions of dollars in lost revenue that have resulted from the sluggish economy and new federal regulations. These new rules slashed the fees banks charge merchants to process debit card transactions and cut revenue from overdraft protection.
Read Full Article: How to deal with higher bank fees in 2012
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