Bank of America will charge customers $5 per month to use their debit card starting in early 2012, according to Dow Jones Newswires...
...The added fees are an effort to generate revenue that bank officials expect they will lose as a result of recent regulations -- passed through the Dodd-Frank Act -- that curb overdraft and other fees, according to the Detroit Free Press.
A banking industry group told the Free Press in May that creating or charging fees is one of the few ways banks can recoup revenue lost through through the new rules.
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