MONTH AFTER GETTING $3.5 BILLION TAX BREAK FROM TRUMP, BANK OF AMERICA HIKES FEES ON POOREST CUSTOMERS | WHAT REALLY HAPPENED


MONTH AFTER GETTING $3.5 BILLION TAX BREAK FROM TRUMP, BANK OF AMERICA HIKES FEES ON POOREST CUSTOMERS

Consumer advocates and banking customers are expressing outrage after an announcement by the Bank of America that it would begin charging fees to account-holders who maintain low balances.

The decision, announced Monday, comes a month after the Republican tax law gave the bank an expected $3.5 million tax break, and less than a week after it posted $2.4 billion profits in the last quarter of 2017.

Critics argued that such news should garner at least as much attention as the bank's announcement last month that it would use some of the financial windfall to give its 145,000 employees a one-time bonus of $1,000 each—a relatively small portion of its tax savings.

Webmaster's Commentary: 

Congrats, B of A, for having outed yourself as the poster child for egregious vulture capitalism!!!

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