Bank of America Rethinks Fee: Reports:
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NEW YORK (TheStreet) -- Bank of America is rethinking its plan to charge customers $5 a month to use their debit cards, according to published media reports.
Customers have expressed outrage over the plans, which were disclosed late last month and which were to take effect early next year. In online comments, many have threatened to switch to another bank.
Forbes reported Friday that Bank of America is reconsidering the plan after large rivals including JPMorgan Chase have backed away from assessing similar fees.
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