Bank of America's (BAC) stunning retreat in backing off its planned debit card fee may be a...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America's (BAC) stunning retreat in backing off its planned debit card fee may be a victory for consumers, but as sure as the sun rises in the morning, banks will search for other ways to make up the reduction in interchange fees merchants pay for debit card purchases. “When banks have their revenue streams cut in one area, they will find a way to make up for it in another area."