Bank of America, CARD Act, Dodd-Frank, and soaking the poor.

"Congratulations, Congressional Democrats: you’ve managed to soak the working poor again.

Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much they can collect from merchants."

[Red State]