patience is key... i don't have it
thedailywhat: Bank Of America Backlash of the Day: Score 1 for the 99: Backlash from consumers has forced Bank of America to ditch its plan to charge a $5 monthly fee on debit card usage. “We have listened to our customers very closely over the last few weeks,” said Bank of America Co-Chief Operating Officer David Darnell, “and recognize their concern with our proposed debit usage fee.” BoA’s shares dropped 6 percent in the wake of the announcement. Several banks recently decided to scrap similar test programs, while others canceled existing fees. “It’s a sign of consumer power in action,” Norma Garcia of Consumers Union was quoted as saying. “This is a sign of the marketplace working.” [reuters / cheatsheet.]

thedailywhat:

Bank Of America Backlash of the Day: Score 1 for the 99: Backlash from consumers has forced Bank of America to ditch its plan to charge a $5 monthly fee on debit card usage.

“We have listened to our customers very closely over the last few weeks,” said Bank of America Co-Chief Operating Officer David Darnell, “and recognize their concern with our proposed debit usage fee.”

BoA’s shares dropped 6 percent in the wake of the announcement. Several banks recently decided to scrap similar test programs, while others canceled existing fees.

“It’s a sign of consumer power in action,” Norma Garcia of Consumers Union was quoted as saying. “This is a sign of the marketplace working.”

[reuters / cheatsheet.]

Reblogged 3 months ago from thedailywhat
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Source: thedailywhat
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  3. vangard reblogged this from thedailywhat and added:
    always sort’ve terrified me. I think even...kid I could see that it wasn’t a good...
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  13. fignewtonsaregood reblogged this from eugeneyang and added:
    yay thank goodness :)
  14. fallingtowardsecstasy reblogged this from kcalron and added:
    As a BoA consumer, this is hugely important.
  15. brittanyblossom reblogged this from thedailywhat
  16. femalewithopinions reblogged this from thedailywhat and added:
    I DON’T HAVE TO PAY EXTRA TO USE A DEBIT CARD! (they really are an awful bank)
  17. skywalkermcfly reblogged this from vukizzle
  18. crysomemoar reblogged this from relright and added:
    You DO understand, that ALOT of banks and credit unions have a monthly fee…. crysomemoar.
  19. chemicallyunwound reblogged this from relright
  20. sinshine reblogged this from yesigrok
  21. relright reblogged this from tyleroakley and added:
    It was so atrocious that they thought they’d get away with that in the first place
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