New Fees Prompt Calls for Bank Divestment

at 9:00 AM
 (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?

Guests:

David Lazarus, business columnist for The Los Angeles Times

John Berlau, director of the Center for Investors and Entrepreneurs with the Competitive Enterprise Institute

Jim Wilcox, professor in the Haas School of Business at UC Berkeley

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

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