The new normal: Higher bank fees are here to stay
So, many of them are making up the difference with fees that aren’t covered by the new rules. Bank of America Corp., which reported results Tuesday, has set off a firestorm over its plan to charge customers $5 a month for using their debit cards. Even President Barack Obama has taken the bank to task.
“They’re cheating the American people,” said Patricia Phelan, 28, of Providence, who closed her two Bank of America accounts. “They’re sneaking fees in.”
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The new normal: Higher bank fees are here to stay