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Banks / Fee Rebellion #1010571

NBC Evening News for Friday, Oct 28, 2011
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(Studio: Brian Williams) Report introduced.

(Washington: Tom Costello) The reaction of banks to the backlash over debit card fees examined; details given about Bank of America’s policy and Chase’s decision to abandon its fee plans; YouTube videos of angry customers shown. [“Today” financial editor Jean CHATZKY†- says this was a Netflix moment for bank customers.] [ Greg McBRIDE†- comments on “stealth fees.”] [Consumer Bankers Assn. president Richard HUNT†- notes the cost to banks after Congress limited what they could charge merchants.] [BECU credit union Todd PIETZSCH†- notes the advantage of credit unions.]

Williams, Brian;
Costello, Tom

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