BofA Caves

Ken AshfordCorporate Greed1 Comment

CNN tells about Bank of America's decision:

"In response to customer concerns and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage fee," the company said in a statement. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” said David Darnell, co-chief operating officer. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."

Also shelved for the time being was Bank of America's "Foreclose or Give Us Your First Born Child" Initiative, and "Castration for Credit Card" Program.