Tuesday, 4 October 2011

Obama Derides Bank of America Debit Card Fees

12:01 PM EDT, 10/04/2011 (MidnightTrader) -- Shares of Bank of America (BAC) hit yet another 52-week low after President Obama derided the bank's move to charge consumers a $5 fee to use a debit card for purchases, according to a CNBC report.

"This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," President Obama said.

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