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Bank of America will no longer begin charging their customers debit card fee of five dollars a month to use their cards, a proposal which drew intense consumer and political backlash since announced in late September.
BOA says "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee," Bank of America co-COO David Darnell said in a written statement. "Our customers' voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."
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