BofA withdraws unpopular debit fee  Charlotte-based Bank of
America announced Tuesday afternoon that it no longer intends to
implement a debit usage fee.  The about-face comes less than a
month after CEO Brian Moynihan defended the $5 debit card fee,
saying the bank and its shareholders have “a right to make a
profit.”  But in recent weeks, it became uncomfortable to move
forward with the additional charge, especially after competitors
like Wells-Fargo and SunTrust backed away from the charging a
similar fee.  Here’s the complete statement from BofA:      1.
Rob Schofield      November 1, 2011 at 3:45 pm      Wow! Jeff
Shaw writes an article taking Bof A to task and they fold up
like a cheap suit.    2. Jack      November 2, 2011 at 12:36 pm
To paraphrase Bette Davis “Fasten your seatbelts. It’s going to
be a bumpy [ride].” Keep an eye out because this is only the
beginning of big business working to pick our pockets of every
penny it can.      Since we’ve given them our tax dollars to
save the “too big