BofA Customers Could Quit Over New Debit Fees, Lawmakers Say
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A top Senate Democrat is urging customers to stop doing business with Bank of America Corp. to protest new debit-card fees, and a House lawmaker is proposing a measure that could make it easier for them to quit.
Representative Brad Miller, a member of the Financial Services Committee, introduced a bill today that would bar all banks from imposing fees on people who close accounts, calling the proposal a response to the Charlotte, North Carolina-based company’s plan to charge some debit customers an additional $5 a month for using the cards.