Libs, are you glad now that banks are going to be charing more fees because of the financial reform bill?

http://www.breitbart.com/article.php?id=...

bank of america charge clients new monthly fees if accounts not meet minimum balance, bank's ceo brian moynihan said on tuesday.

"we increase account balance minimums or charge monthly fees in lieu thereof, choice of customer," moynihan said @ barclays capital conference in new york.

these , other measures allow bank compensate revenue lost due new regulations put in place following 2008 financial crisis led government salvage many bank massive bailouts, said.

"over next 12 months, reset entire product line." bank of america has introduced new account, called e-account, offering reduced fees customers using automated services, while reducing number of branches , staff in bid cut down costs, added.

"that provides customer choice, monthly fee or served through automated means in these statements."

automated transactions growing @ rate of 8 9 percent year while teller-based transactions down 5 percent year on year, said.

moynihan said new regulations passed congress in july , global banking regulations proposed on sunday, in bid prevent future crises similar 2008 meltdown, may trim annual revenue.

bank of america among hardest hit during credit crisis. received 45 billion dollars in bailout funds federal government, , repaid money last year.

http://www.breitbart.com/article.php?id=cng.bb54d137200b27d4f18a20472252604a.10b1&show_article=1 bank of america charge clients new monthly fees if accounts not meet minimum balance, bank's ceo brian moynihan said on tuesday. "we increase account balance minimums or...

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