With debit fees withdrawn, banks reap profits off unemployed

Tue, 11/15/2011 - 13:57
  • Year: 2011
  • Length: 4:33 minutes (4.17 MB)
  • Format: MP3 Mono 44kHz 128Kbps (CBR)

Earlier this month, advocates celebrated Bank of America’s decision to abandon plans to charge users for monthly debit card fees. The news came after intense public pressure. But the banks are looking for other sources of revenue and many continue to profit off some of the most vulnerable people in the country: the unemployed. Alice Ollstein reports from Washington.

 

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