[Constitutionalist Conservative]

Bank of America greased Dirty Turban Durbin’s palm in return for writing in the provision of the Frank/Dodd bill that allowed BoA to charge $5/month for debit card usage.

Wait... Frank/Dodd ALLOWED the $5 fee?? First I heard of that. My understanding is that F/D capped the interchange fee, and BoA imposed the debit card fee to make up for the lost revenue. In other words, there was nothing stopping them from imposing the fee before; they just never had a reason to do so until now.

[Jack Hydrazine]

Durbin wrote it in.