Personal Finance Advice and Commentary

To the victors goes the gloating. Bank of America has backed off its plan to charge a $5 monthly fee for debit card use. And now, Molly Katchpole, a consumer who started a national petition against the fee, and the Credit Union National Association (CUNA), a trade group that represents credit unions, are twisting the stake

Will big banks’ losses be community banks’ and credit unions’ gains? That’s the presumptive winners’ hoped-for outcome as consumers supposedly take up in arms over new bank fees for debit card use. The Credit Union National Association, or CUNA, a trade group that represents credit unions, said in an Oct. 7 statement that consumers who