NEWS FLASH

Bowing To Consumer Pressure, Bank Of America Drops Debit Card Fees | Bank of America is dropping its plan to charge customers $5 a month for use of debit cards, making a “dramatic retreat” after vocal consumer complaints dissuaded some major rivals from instituting similar fees. “The about-face represents a rare concession to customer sensitivities over fees,” the Wall Street Journal reports. Bank of America has been one of the most prominent targets of the 99 Percenters.