J.P. Morgan Chase chief executive, Jamie Dimon, said in his annual letter to the shareholders that the credit card regulations that came into effect recently have negatively affected the company. He said the regulations hurt the company’s ability to offer credit to a large number of its customers. [Read more…]
Debit Card Overdraft Fees for Bank of America Accounts Eliminated
You will no longer be able to spend what you don’t have in your Bank of America account. The surprise overdrafts and the subsequent hefty fees will soon become a thing of the past over with your Bank of America debit card point of purchase transactions. Bank of America has announced elimination of overdraft fees on such debit transactions, and this will come in effect from June for new accounts and from August for existing accounts. [Read more…]
