Page 2 - Debit Fee News Today

They work out the plan as is wells fargo testing out a $3 debit fee in a hand will of states and this at a time when americans from coast to coast are demonstrating against corporate greed including being nickel asked dialed by the banks. crisis management experts say the move by some institutions to back away from debit card fees is pure damage control. >> this is symbolic, the banks see they have a credibility problem with the public. the backlash from bank of americas possibility raising fees...

Fee for debit card purchases. >> at $5 a month do you use -- 23% of the u.s. market in debit cards. chase, which has about 15%. theyre not following suit. its like the issue with airfare hikes. right? if everyone follows suit, its good for the companies. if not everyone, theres tension. well see what bank of america does. i will tell you the banks on board, bank of america has the debit fee, so does sun trust and regions. on the other side, citigroup, u.s. bank or pnc and key corp. decided not t...

The administration admits its other housing programs have fallen well short of expectations. but experts say the new proposal could spark a new housing boom. >> if you can get 10 million to 20 million people to refinance, i think you are going to see -- the housing market look a lot stronger. >> good news for this, for mr. obama is if the plan is done by executive action. so he does not need lawmakers in congress to sign off on it. consumers are finding other ways to save money as well. thousa...

Tried to stop this but, in fact, this is small illustration of what is happening. the silent protest, people are taking their money out of a big bank and putting them into a community bank and credit unions and they are taking advantage of some of the local institutions and saying there are some in illinois and southern florida saying we will make you $5 a month to have a debit fee with us, rather, a checking account for us and they are getting a windfall and there is www.shredmycard.com, as wel...

tone deaf they are at bad time. the person that led the petition is 22-year-old molly. shes here and we appreciate you coming in, molly. >> thanks. i appreciate it. >> you and i were talking before. you said you set up this petition a week ago? >> one week ago. >> what made you decide to do it? what made you decide ive had enough? >> im 22 years old and working two part-time jobs. i dont have another $60 a year to give to bank of america. i knew thousands of measures feel the same way....

>> im really pleased to tell you today about the brand new iphone 4s. this is really cool. it is a feature, all about our voice. what we really want to do is just talk to our device. ask a simple question. what is the weather going to be like today, and get a response. that is the future of the iphone 4s that we call siri. siri is your intelligent assistant that helps you get things done just by asking. >> remind me to call my wife when i leave work. >> here is your reminder for when you leave w...

Many thought was an anti-climactic rollout, it bounced back in the end. not the most valuable tech company in the world by accident. there are enough sexy new features for the iphone 4s enough to make people sleep on sidewalks. theyre now giving away older versions of the iphone with a two-year commitment. so millions more are bound to join the cult of apple. bill weir, abc news. >> you know people will be lining up to buy the thing. whether or not techies are impressed -- >> october 14th. seven...

Financial collapse. >>guest: with the fact that he participated in that, you want to go up to him and say, you liar. you cheat. you were part of this problem. we told you what was going to happen and now the consumers are protesting. >>neil: but did bang of -- bank of america say if you do that well raise debit card fees? >>guest: that is basic business, you hurt my margins we find new streams of income. like with the airplanes, now they just charge for extra bags. >>neil: and that is a good poi...

Because of increased regulations. its because of dodd/franc. its because we cant -- we cant screw you anymore. we cant screw you on hidden fees so well give you transparent fees. what i think is interesting here, and this is the argument that the bank makes. i want to connect this to a bit of sound from mike bloomberg. if you can rack that while i set it up here. heres what ends up happening. its about the argument that happened about t.a.r.p. the argument is, we cant essentially hold the banker...

Customer. there are now over 81,000 people attending bank transfer day on her facebook page. the big banks are keeping mum whether theyve seen an uptick in account closures in recent weeks, but when asked to provide a statement on bank transfer day, bank of america declined to comment. a spokesman says the following regarding the dent fees. >> weve listened to our customers and decided that given the feedback and the competitive conditions in the marketplace that we would not proceed with the pl...