Bank of America announced Thursday it will tack on a new monthly fee for customers who use a debit card to make purchases. Jeffrey Brown leads a debate about the new fees and what they mean for banks and consumers with David Lazarus of The Los Angeles Times and Richard Hunt of The Consumer Bankers Association.

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Bank of America has announced a new charge for using a debit card. a month for unlimited use of your debit card at grocery stores, petrol stations and clothing stores (just an example). You can curtail the charges by using an ATM for all of your transactions. This video was uploaded from an Android phone.

***UPDATE**** Freaking Foxnews Chicago used my vid for their broadcast! www.myfoxchicago.com The crooks are at it again. They’ll make over 3 billion a year off this. That’s after unloading 73 billion in toxic mortgages onto the US Taxpayer just a few weeks ago. Way to go BOA, you’re a class act!

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