BofA chief: We have a 'right to make a profit'

[fatbuckRTO]

Originally Posted by pauldun170

The fee on debit card use is in response to the new regulations on other charges.
You should expect this practice to spread to other banks...

Huh? The fee on debit card use is in response to the cap on the debit card fees banks could charge businesses. Right or wrong, BoA is just passing those costs (or, reduction of incomes) on to consumers. Durbin knew that would happen but tried to pretend that his amendment would somehow benefit small businesses. Pretty smart; now that what Durbin knew would happen actually has happened, he can play "champion of the people" and focus more hate on the banks that raise debit card fees.

But I suppose small business owners are saving some money. Until they use their own debit cards...