The Debit Card Debacle: A Teachable Moment for Family Financiers
By Sharon Lechter What can $5 buy you these days? In Bank of America’s case, a perfect storm. The backlash that ensued was fast and furious when BOA – the nation’s largest bank – announced the new $5 monthly fee on debit card customers. Whatever your opinions, I’m encouraged by at least one unintended consequence [...]
