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October 28, 2011 JPMorgan Chase tested charging in two states for eight months, but heard loud complaints from customers. Bank of America, which introduced a $5 monthly charge, has been assailed by many including President Obama.
A customer uses a Bank of America ATM. Starting next year, using one of the bank's debit cards to make purchases will cost most customers $5 a month. ATMs will still be free.
September 29, 2011 The fee and other changes are ways for banks to recoup some of the money they won't be able to charge merchants anymore. Experts' advice: Shop around for the best deal on a debit card.
June 9, 2011 It's safe to say the changes to the Dodd-Frank law the financial industry seeks, would more likely happen with a Republican Senate. Given that, it also seems safe to say that the financial industry will do what it can to make that happen.
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