Bank of America Corp. is dropping its plan to charge customers $5 a month for making purchases with their debit cards, a person familiar with the situation said.
The move is a dramatic retreat following decisions by several rivals in recent days to drop customer tests of the new fees. SunTrust Banks Inc. and Regions Financial Corp. also said Monday that they will stop charging customers for debit-card transactions.
Bank of America decided against the fees due to negative customer feedback on the plan and the moves by rivals, which left the Charlotte, N.C., lender as the only big bank planning to levy the fee on some customers next year.
Bank of America will formally announce the decision today, this person said. (via)2) which leads me to my next point : the power of the internet. before this decision was "walked back", i had been wondering what B of A was thinking. in the past year, we have seen internet complaining undo the gap re-branding, the tropicana re-branding, and netflix's terrible re-structuring idea. i thought it was awful bold of B of A to hold firm in the face of widespread backlash. but, it looks like the power of the internet has won out again. so keep on bitching, everyone!
Organizers say Rihanna was forced to cancel a show in the Swedish city Malmo at the last minute after being hospitalized in Sweden with what she says is the flu.
Live Nation spokesman Kristofer Akesson says Rihanna didn't feel well Monday and tour organizers contacted a doctor who concluded the singer was suffering from severe exhaustion and "was not capable of carrying out the concert."
The singer apologized to fans on Twitter and posted a picture of her arm attached to an intravenous drip. (via)
Kiffin, the Trojans' second-year head coach, was upset about the way the end of regulation in the classic Coliseum game was handled, among other disputed instances. He has said he was promised by side judge Brad Glenn that he'd be awarded a timeout if it was ruled that receiver Robert Woods was tackled inbounds with one second left in the game.
He was not, and he said in his postgame press conference following USC's 56-48 triple-overtime loss that he was "extremely disappointed" with the officiating. He then said Sunday that he was "basically lied to" by the Pac-12 officials.
"The Pac-12 has specific rules that prohibit our coaches from making public comments about officiating, and this prohibition specifically includes comments that create doubts about the credibility of the conference's officiating program," conference commissioner Larry Scott said in a statement released late Monday. "The Conference expects each Pac-12 coach to adhere to our standards of conduct and to conduct himself or herself in a manner which will reflect credit on the institution and the Conference." (via)sorry, lane. life's not fair. you taught me that.
A judge told Tennessee officials on Monday to stop enforcing new rules that have been used to arrest Occupy protesters in Nashville.
The decision was a victory for the fledgling movement and for the American Civil Liberties Union of Tennessee, which sought a temporary restraining order to block a curfew put in place last week.
U.S. District Judge Aleta Trauger issued the order, which state officials did not fight.
"Political expression deserves the highest level of protection and it was unacceptable for the state to suddenly shut down protesters' speech and forcibly oust them from Legislative Plaza that has long been used as a place for peaceful expression," said Hedy Weinberg, executive director at the ACLU of Tennessee. (via)
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