Banks reward you for helping to bail them out.

[GostHacked]

So evidently they were held accountable. And that's bad - how?

Those crappy practices never went away. Hence the bail outs a year later? Come on AW, you are smarter than that.

[GostHacked]

http://money.cnn.com/2011/11/01/pf/bank_of_america_debit_fee/index.htm?hpt=hp_t1

CNNMoney (NEW YORK) -- Bank of America said Tuesday it's axing its plan to charge a $5 fee for customers who use their debit cards to make purchases.

In September, the bank announced that it would begin charging most customers the monthly fee early next year.

But after widespread customer revolt and announcements by several of its rivals that they won't charge similar debit-card fees, Bank of America (BAC, Fortune 500) backpedaled on its plan. Customers who use their debit cards will no longer incur the fee starting in January.

Well, that is a little piece of good news!

[TimG]

Well, that is a little piece of good news!

The free market in action.

[Wilber]

Because I have a recreational property in the US, I kept a small account and US debit card with Bank of America for years. When their latest fee changes came out I decided it wasn't really worth it any more and closed the account.

[GostHacked]

The free market in action.

You can thank the Occupy movement for that. Well, that's what I would equate it too.

[Shady]

You can thank the Occupy movement for that. Well, that's what I would equate it too.

I would equate it with them losing customers, and deciding it was bad for business because they're competing with banks that weren't charging for those services. But yeah, it must be the occupy movement.

Anyways, I still haven't heard you mention the price increases that GM and Chrysler have instituted on some vehicles over the last few years. They were given bailouts as well. Or is it just banks that aren't allowed to increase fees but car companies can. I guess your outrage is selectiv huh?

[GostHacked]

I would equate it with them losing customers, and deciding it was bad for business because they're competing with banks that weren't charging for those services. But yeah, it must be the occupy movement.

It helped either way. It brought even more light to the dealings of the banks, which could have prompted people to make a fuss. They could not hide from it, so they had to do something.

Anyways, I still haven't heard you mention the price increases that GM and Chrysler have instituted on some vehicles over the last few years. They were given bailouts as well. Or is it just banks that aren't allowed to increase fees but car companies can. I guess your outrage is selectiv huh?

Told you I did not have an answer for that a couple pages back. But if you insist on waiting.

[jacee]

The free market in action.

"widespread customer revolt" rocks!