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Sen. Dick Durbin keeps singing the same tune, railing on BofA's (BAC -5.2%) $5 debit card fee...

Sen. Dick Durbin keeps singing the same tune, railing on BofA's (BAC -5.2%) $5 debit card fee and urging small banks to lure customers away from mega banks: "It means an opportunity for these banks and credit unions who I hope will treat their customers a lot better than Bank of America." Lost in translation: Small banks stand to lose billions in revenue that the Durbin amendment stripped away, and "gifted" to retailers.
Comments (8)
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    What uh dooshberg.
    4 Oct 2011, 03:17 PM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
     
    I still want my money back...
    4 Oct 2011, 03:22 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    For the last year and a half, I intentionally kept most of my on-hand cash in a small bank because they were able to offer a 3.58% APY checking account. All you had to do was make X number of signature-based transactions and you got that rate, no minimum balance, no fees. I got a lovely letter in the mail a couple weeks ago telling me that my account would be converted to a zero-interest account in October and if I had any complaints, I should direct them to Mr. Durbin.
    4 Oct 2011, 03:25 PM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Cornhole wants to do 'little man' politics. Maybe he should have braided his hair & 'sat in' with the smelly scuzzies at Operation Wall St.

     

    Beat that bongo byotch. Faster.
    4 Oct 2011, 03:26 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    They don't call him "Dick" for nothing.
    4 Oct 2011, 03:33 PM Reply Like
  • jean5566
    , contributor
    Comments (71) | Send Message
     
    the ATM have charged you to get your money out for years so what is different now???
    4 Oct 2011, 08:38 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    That has never been true unless you're foolish enough to use a different bank's ATM.
    4 Oct 2011, 08:42 PM Reply Like
  • acesfull
    , contributor
    Comments (368) | Send Message
     
    Maybe we should all chip in and buy Mr. Durbin a big puzzle book to occupy his time and distract him from dabbling in the banking industry. He's like a kid playing with a loaded gun.
    6 Oct 2011, 06:55 AM Reply Like
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