Unfair Credit Card Fees.com

The Real Reason for Bank of America’s Fee

Bank of America Fee Would Net More than Lost from Scapegoated Swipe Fee Reforms

 

LATimes:  BofA has 57 million consumer and small-business accounts. If a majority of them uses debit cards, we’re talking a windfall of about $3 billion a year — or $1 billion more than BofA is currently making from transaction fees.

http://www.latimes.com/business/la-fi-lazarus-20110930,0,2342996.column

 

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