Hugh Son of Bloomberg is reporting that Bank of America, the biggest U.S. lender by assets, plans to announce a $5 monthly charge for some debit card users to recoup revenue lost after new federal ...

Charisma (@charismatev) uploaded to TikTok, where her video about the situation garnered over 82,000 views. “So I got a new debit card, ’cause someone kept doing fraud on my last one,” she explains.

Bank of America has caved in on its announced decision to charge most debit card users a $5 monthly fee. Chalk up one for Adam Smith, who explained 235 years ago how competition benefits consumers.

Just months after announcing a new $5 monthly charge for debit cards, Bank of America Corp. caved and eliminated the charge after an onslaught of complaints from customers. But will Boston University ...