A few House lawmakers say there's a solution for the debit card fees from Bank of America and others that are ticking off customers: repeal the new regulation that the banks blame for needing the fees.
Sen. Dick Durbin on Tuesday urged customers unhappy with Bank of America's new $5-a-month debit card fee to take their business elsewhere -- calling the fee a golden opportunity for other banks "not as greedy" to drum up new business.
If you're a bank customer, you could soon be facing higher ATM fees, a $50 spending limit on your debit card, or a 30% late payment penalty on your credit card. And those debit rewards you've been enjoying? Say goodbye to those.
White House official Elizabeth Warren, best known for her outspoken criticism of the banking industry, praised that same group during a Tuesday conference on the one-year anniversary of the credit card laws.
Dissension against Apple's new in-app subscription policies is growing, with streaming music service Rhapsody openly opposing the new policy while publishers mull potential courses of action, including litigation.
Congress is expected to finally pass the massive Wall Street reform bill later this week. And the lobbyists have already moved on to their next line of attack: The regulators who will issue the hundreds of new rules called for in the legislation.