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Wow

March 9, 2010 | alternatives, federal legislation, industry | Comments (0)

BOA drops overdraft protection on debit cards.  From the story:

In a move that could bring an end to the accidental $40 cup of coffee, Bank of America said Tuesday that it was doing away with overdraft fees on purchases made with debit cards, a decision that could cost the bank tens of millions a year in revenue and put pressure on other banks to do the same.

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