Bank of America has announced that it will begin charging $5 per month for every month in which BoA customers use their debit card for any transaction other than at an ATM. Other banks are soon expected to follow suit. The decision to charge was precipitated by a new federal law capping the fee that card issuers can charge retailers for processing transactions:
A provision from last summer’s financial regulation bill promoted by Sen. Dick Durbin (D-IL) capped the fees that banks can charge retailers when customers pay with debit cards. The new rule goes into effect on Saturday.
Until the voters can address, in 2012, the economic disaster which has been the Obama administration and Democrat majority rule, we will have to find our own way to lower the cost of living, and banking, in particular.

When most of the board resigned and former Gwinnett Commission Chairman Wayne Hill was tapped to serve as interim director, many hoped that the Evermore CID had turned a corner. It would have been reasonable for one to conclude that, perhaps, the embattled Hwy. 78 community improvement district could finally rise above the muck and the mire in which it had been pustulating almost since its inception.

