by Lorillia Brown Phillips, Your Black World – The Money Mentor
Today on November 1, 2011 Bank of America recently announced that they will drop the proposed plans to institute the $5.00 debit fee which was suppose to go into effect in 2012. Since September there was a surge of angry and disgruntle customers who were not happy with the decision that Bank of America was imposing. Customers who were outraged with the upcoming mandate expressed their concerns on social media sites such as Twitter, You Tube and Facebook. It was reported that there was a petition signed by 300,000 customers across the US threatening to leave the bank if the proposed fee had been imposed.
