Bank of America is dropping its planned $5 debit card usage fee after widespread customer complaints.
"In response to customer concerns and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage fee," the company said in a statement. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,‚ÄĚ said David Darnell, co-chief operating officer. ‚ÄúOur customers‚Äô voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."READ FULL CNNMONEY.COM STORY