So, Durbin wrote in BOTH the interchange cap AND the $5 debit card fee?
I thought people were calling it the "Durbin Fee" simply because that was how the banks reacted to his interchange cap.
Nope. He wrote it into the bill. That’s why I find it so funny that he would do this for BoA and proceed to stab them in the back by telling their customers they can go eff themselves and go to other credit unions or banks if they didn’t like the fee. I’m sure the top BoA people are not happy.
With this fee and their attitude toward their customers in general and the website not working well I expect to see a percentage flee.