Banks to Mimic BofA With New Fees After Dodd-Frank, Miller Says

U.S. banks likely will charge customers more fees as the lenders seek to recoup revenue sapped by new U.S. rules, said Paul Miller of FBR Capital Markets Corp.

Banks may levy added fees and cut expenses as regulations erode former sources of “really strong fee revenues,” such as overdraft charges, Miller said today in an interview with Pimm Fox and Courtney Donohoe on Bloomberg Radio’s “Taking Stock.”