September 29, 2011, Lakewood, CO
14:32:00, hours MDT
...continued hiker’s meditation…
See below excerpt from today’s Huffington Post.
http://www.huffingtonpost.com/2011/09/29/bank-of-america-debit-card-fee_n_987304.html?view=print&comm_ref=false [website accessed today, September 29, 2011, by author]
EDITION: U.S.
CA Canada US United States UK United Kingdom
September 29, 2011
Bank Of America Plans To Charge Monthly $5 Debit Card Usage Fee
Bank of America will charge customers $5 per month to use their debit card starting in early 2012, according to Dow Jones Newswires.
The fee will apply to customers who use their debit card to make any purchases during the month, but won't apply to those who only use it for ATM transactions, according to the report. Debit card use is on the rise, according to Digital Transactions. Signature debit card transactions jumped by almost 10 percent between April 2010 and April 2011, the website reported.
The Bank of America charge is the latest in a slew of fees big banks are adding to checking accounts and debit cards. JPMorgan Chase tested charging a $5 ATM fee for non-network customers in Illinois in July, a plan they ultimately abandoned. Citigroup announced earlier this month that it would charge customers a $10 monthly fee if their account had a balance below $1,500
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. One of these laws, a Federal Reserve regulation that poffering a debit card have changed," Bank of America spokeswoman Anne Pace told Reuters Thursday. uts a cap on debit-card swipe fees, will take effect next month, according to Bloomberg.
"The economics of offering a debit card have changed," Bank of America spokeswoman Anne Pace told Reuters Thursday.
**********************************
—> Looks like “they” are going to jam it in to the hilt. Was not the billion dollar bail-out enough?
On a better note: things here are alright.
Spoke with a friend last night and just before on the phone regarding her quandary— should she lie to her boss about an employment interview today?
She recognizes her fear of losing her job on account of circumstances whereby she is not confident about her position there and thought it best to lie a little and say something like her mom is in the hospital and she needs to leave early.
I reminded her about the Spiritual Energy and the Pathway with Heart and that lies only come out of fearfulness and not one’s greater good.
She seemed to understand— however she did not give a sense of buy-in.
This disappoints me in her and gives me pause about trying to rescue her from herself.
She has been in the habit of acting out of emotions and does at times seem to have emotional emergencies which overwhelm her. I must remember that she is on her own path and although I do care about the pathway and her on this path —- there is little to do unless she has buy- in. Correct?
The Bank of America deal is out of our control and stick it to us they may. I remember long ago about coming to clean up the Insides of me and having faith that insecurities will leave me and that lying only serves to separate me and isolate me from those that tell the truth and live with the outcomes.
Living with the results of the truth telling is a better way for me to remain of sober mind/ body and spirit. I no longer am bought in to what other’s think about me and my living, as my friend here is still in the throes of.
No comments:
Post a Comment