Debit Card Use News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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When one bank does that you know other banks tend to follow. after backing off a controversial debit card charge. this new fee will penalize customers who don't bake online or maintain a minimum balance. ashley webster of fox business network taking a close look at this. ashley, why are they doing this? >> good question. it is a all about money, isn't it, jenna. good morning to you. bank of america sparked outrage when they wanted to charge a $5 fee for debit card use. they backed off that but there are other plans in the works. they have been test selected in test states. let's look what bank...

Sensitive to the amount of capital gains people have. >> so the lesson here you can soak the rich, it sounds great but when the market drys up so does the money leaving states with very painful cuts. >> heather: thank you very much. >> gregg: department of justice is investigating banks for possible antitrust violations during their recent efforts to charge debit card fees. outrage forced bank of america to abandon plans to charge consumers for debit card use. other banks were considering similar fees as well, commerce customers are high alert. joining us is brenda butner. good to see you. her...

>> reporter: thousands of personal protests as customers were urged to take their money out of big banks. >> i have seen them charge ridiculous fees, so they could charge me the most amount. >> reporter: that anger added up to $4.5 billion withdrawn. most going to local nonprofit credit unions. at redwood credit unions in california, 300 new accounts. six times the norm. credit unions saw a total of 650,000 new accounts by last thursday, and they told us they think the number will reach one million. it all started with the $5 fee bank of america planned to charge for debit card use. this calif...

i'm erin burnett "outfront" tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated, is close to 600. 573 points. it's a big story and we are covering it tonight. but first, we're starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. "the washington post" getting everyone's attention after posting a quote from the woman's attorney who told the post, "it's very frustrating that herman cain is going around bad-mouthing the two complainant...