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Fri, Oct 14, 2011 -- 9:00 AM

New Fees Prompt Calls for Bank Divestment


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Mario Tama/Getty
Mario Tama/Getty

Bank of America's decision to charge customers a $5 monthly fee to use their debit cards has ignited controversy and provoked calls for divestment from the bank. But bank officials say a new law forced their hand. We discuss the change. What can consumers do about increased fees?

Host: Dave Iverson

Guests:

  • David Lazarus, business columnist for The Los Angeles Times
  • Gina Gates, leader of the Most Holy Trinity PACT (People Acting in Community Together), a coalition of churches, synagogues and mosques working on social issues
  • Jim Wilcox, professor in the Haas School of Business at UC Berkeley
  • John Berlau, director of the Center for Investors and Entrepreneurs with the Competitive Enterprise Institute

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