Bank of America’s debit card policy: Will you put away the plastic?

September 29, 2011

A Bank of America branch in Chicago (Scott Olson/GETTY IMAGES)

The move comes as the banking industry struggles to come up with ways to compensate for the financial hit it will take from a recently implemented rule on “swipe fees” that reduces the amount of money banks get from retailers when a customer makes a purchase via debit card. Banks had fought hard to overturn the rule, a component of the sweeping Dodd-Frank regulatory overhaul that Congress passed last year.

As the Post’s Elizabeth Flock reports, the policy has some consumers so incensed that they are vowing to boycott the nation’s largest bank. What about you?

Sarah Halzack is The Washington Post's national retail reporter. She has previously covered the local job market and the business of talent and hiring. She has also served as a Web producer for business and economic news.
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