A new rule that requires banks get consent before charging customers overdraft fees will cost BofA $3.3 billion per year, compared to the $1.4 billion that Wells Fargo will lose per year and the $1.077 billion JPMorgan Chase stands to lose, the research note finds.
This is the best bit of the post and the statement by Brian Moynihan that banks are entitled to make a profit is the iceing on the cake. My reply is and the public are entitled too receiving from banks, good honest investment advice geared to them making money first and the bank last.
Revelation is is THEIR MONEY not your`s BOFA and others.
Read the Article at HuffingtonPost
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