Banks Fire Back at President Obama Over Debit Card Fees

The American Bankers Association is firing back at President Obama for his comments in an interview about bank fees, including Bank of America's move to add a monthly fee for customers to use its debit cards. With customers outraged over Bank of America's announcement last week they will charge a $5 monthly fee for debit card purchases, ABC News' George Stephanopoulos asked President Obama on Monday if he could put a stop to the fees. "What the banks are saying is-- that 'Rather than take a...Full Story
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