Bank of America Scraps Unpopular Debit Card Fees … Freedom of Speech is a Powerful Device

 

Make no mistake about it, when used properly and in an orderly, concise and determined manner … free speech is a powerful tool that enables David to be Goliath all of the time.  Bank of America has blinked on their debit card fee charges to their customers. After all of the phone calls, emails, tweets and petitions, the Bank of America has decided to cancel their $5 a month debit card fees on their customers in fear of an even greater backlash than they have already relieved.

For the past month, consumers have been railing against a new Bank of America charge requiring customers to pay $5 a month to use their debit cards for purchases. More than 300,000 people signed an online petition to stop the planned fee. More than 21,000 people pledged to close their Bank of America checking accounts. One cable news anchor cut up her card on the air.

It was a classic David-and-Goliath fight, fueled by the growing populist outrage against the nation’s financial system. On Tuesday, the little guy won: Bank of America announced that it was abandoning the fee.

“This is one to go down in the history books, I think,” said Norma Garcia, manager of financial services at Consumers Union, an advocacy group. “It’s just a $5 fee, but it really is symbolic of so much more.”

Maybe the clueless Occupy protesters can learn something from those who actually want to affect change in a positive way, not just protest for the sake of doing so and cause trouble along the way.

Posted November 2, 2011 by
Business, We the People | 9 comments


If you liked this post, you may also like these:

  • Immigration Can Not Find Them But Bank of America Sure Can
  • More Heart Warming Stories from the Cruise Ship Industry … Cruise Ship Charged $30,000 in Medical Fees on Passengers Credit Card
  • Home Owners Foreclose on Bank of America … Turn About is Fair Play
  • DNC Gets Ready to Astroturf Obama’s Speech, Bussing in Students and Blacks to Fill Bank of America Stadium
  • First Lady Michelle Obama Scrapping Plans to Deliver a High School Graduation Speech in Topeka, KS After 1,750 Signed Protest Petition




  • Comments

    9 Responses to “Bank of America Scraps Unpopular Debit Card Fees … Freedom of Speech is a Powerful Device”

    1. hope on November 2nd, 2011 8:07 am

      BOMBS, exploding into space!

      http://m.cbsnews.com/fullstory.rbml?feed_id=0&catid=20128875&videofeed=36

      How long before the seeds of hate come into BOOM?

      Protect your minds…

    2. Blink on November 2nd, 2011 8:28 am

      Red-

      I told you so.

      Lol.

      B

    3. D on November 2nd, 2011 10:25 am

      “Maybe the clueless Occupy protesters can learn something from those who actually want to affect change in a positive way, not just protest for the sake of doing so and cause trouble along the way.”

      Except they’re a big part of why this happened, but hey any reason to try to slime people trying to make a difference right? Just because they’re not wearing tea bags on their hats they must be crazy. Gotta love how you can twist a straight forward story into right wing propaganda.
      ______________
      SM: What difference are they trying to make? Please tell because I have actually spoke with many of them and can’t get an intelligent sentence out of em. Are they against capitalism, yes. Are they for anarchy and socialism, yes. And a little rape and std’s along the way … Wow, there is change we can all get behind.

    4. Greg the Great on November 2nd, 2011 11:58 am

      How many already left the bank?
      Sounds like Netflix?

      “21,000 people pledged to close their Bank of America checking accounts.”

    5. hope on November 2nd, 2011 3:22 pm

      I guess its ‘Bombs Bursting in Air’…

      At any rate, even though one is entitled to free speech, in a nation that has turned against itself because of the ails with which we are so familiar, one must watch what he says.

      Just sayin’…

    6. hope on November 2nd, 2011 11:10 pm

      Blink:

      You think it’s funny? I guess I’m a little taken back by your sense of humor… or this it that responsible reporting is a concept that’s beyond your comprehension?
      ___________
      SM: Hope chill dude. This was based off of a conversation between blink and I and what we thought would happen. And yes I was one of those folks that voiced my disapproval of BOA’s actions. The giant has fallen at the hands of we, the little people. And atually Blink has a great sense of humor. There is more to the story that you are not privy to … call it inside baseball or banking in this case.

      R

    7. hope on November 3rd, 2011 10:13 am

      Its $5 a month!

      Just curious why you didn’t cover the militia story…

      FYI: I’m not a Dude.

    8. NGBoston on November 4th, 2011 10:05 pm

      It’s about time. Hope seems to be missing the point of this post.

      Why do all the BIG BANKS get to make a profit off of Joe & Jane Q. Public by charging us extra fees for essentially using our OWN money?

      Talk about completely unfair Consumer Gouging. BOA sucks, BTW. Sorry, Hope.

    9. Dolf on November 5th, 2011 1:50 am

      you gotto love those banks.

      we are getting it Greek style.

    Leave a Reply




    Support Scared Monkeys! make a donation.

     
     
    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
     
     
     
     
     
     
     
    Close
    E-mail It