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."
SunTrust, Regions latest banks to retreat on debit fees
Read CNNMoney.com's original piece on the planned fee here.READ FULL CNNMONEY.COM STORY
Defying expectations, more than 60% of President Obama's debt commission voted Friday in favor of the group's final recommendations for reducing the country's long-term debt.
In a strong bipartisan showing, 11 of 18 members voted yes. Five Democrats, five Republicans and one independent voted in favor of the panel's debt-reduction plan. Those who voted against it included four Democrats and three Republicans.
But the result still fell short of the 14 votes needed in order for the commission to present its recommendations to Congress for a legislative vote.
Neither rain nor snow could keep throngs of determined bargain hunters from hitting stores nationwide at the stroke of midnight on Black Friday, one of the biggest sales days of the year.
Black Friday, the day after Thanksgiving, typically marks the start of the annual holiday gift-buying marathon. This year, retailers are eager to rev up their holiday sales as soon as possible to make up for the past two lackluster holiday seasons.
Bargain-hunters camp out at store
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Black Friday: Pleasure or pain?
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Toyota has announced a "Voluntary Safety Recall" on Certain Toyota Corolla and Corolla Matrix Models, CNNMoney.com has confirmed.
The company says the recall is to address some ‚ÄúEngine Control Modules (ECM) that may have been improperly manufactured.‚ÄĚ
The voluntary recall is for the approximately 1.13 million 2005-2008 model Corolla and Corolla Matrix models sold in North America.
No other Toyota or Lexus vehicles are involved in this recall, the company says.
There are three unconfirmed accidents alleged to be related to this condition, one of which reported a minor injury, the company says in its press release.