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Banks / Debit Card Fees #1010611

NBC Evening News for Tuesday, Nov 01, 2011
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(Studio: Brian Williams) Report introduced.

(Chevy Chase, Maryland: Tom Costello) The announcement by Bank of America that it is backing down on debit card fees after a wave of consumer backlash examined; BOA statement quoted; details given of warnings about “stealth fees.” [Occupy Wall Street PROTESTOR, Los Angeles RESIDENT, WOMAN – react.] [CNBC’s Sharon EPPERSON†- says this is a huge win for consumers.] [Senator Richard DURBIN†- urges customers to move to banks that aren’t driven by greed.] [Consumer Banking Assn. president Richard HUNT†- notes the cost to the banks from the Durbin amendment limiting charges to merchants.]

Williams, Brian;
Costello, Tom

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