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Why Bank of America’s Fee Hike is Bad for Communities, Consumers and the Economy

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BY GABE KRAJICEK Bank of America’s recent decision to slap a $12 monthly fee on all accounts with less than a $1,500 balanceis an insult to consumers across the nation. The charge applies to customers with an “eBanking” account, which up until recently, was free for anyone who didn’t receive paper statements or use bank…

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