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In the wake of Bank of America's $5 debit card fee, consumers are venting anger at Washington, D.C.
The legislation indirectly adds up to a user-fee increase for Bank of America customers, which was certainly not the outcome Congress and the White House, which both signed off on the Durbin Amendment, were expecting.
Washington politicians are already facing some fallout from the Bank of America fee change, and some are on the defensive. Sen. Richard Durbin (D-Ill.) told consumers earlier this week that they should take their money elsewhere.
"Bank of America customers, vote with your feet, get the heck out of that bank," Durbin said on the Senate floor Monday. "Find yourself a bank or credit union that won't gouge you for $5 a month and still will give you a debit card that you can use every single day. What Bank of America has done is an outrage."