Banks to Charge for Using Your Debit Card

Say what?

Say yes, fo realz. Because Congress sided with merchants over the fact that banks were being ridiculous by charging them fees for people using their debit cards to make purchases, (and said, "Hey guys, stop doing that. Charging people random fees is not your job. Making loans and investments is your business. Maybe you should work on that instead of screwing everything up and destroying the economy? Again?) now banks are handing those equally ridiculous fees onto us.

Bank of America is going to start charging customers $5/month any month that you use your debit card to make a purchase. Just in case you're wondering, that = every month. Why else have a debit card? Oh, you're thinking, I'll just take out the money and pay with cash. But wait! They still charge $3 ATM fees. What if I use my credit card? Nope, credit cards also get charged with annual fees. Basically, banks are sucking you dry of all of your hard-earned money instead of giving you interest on the money you so kindly lend to them.

And the GOP wants to regulate them less?

Gawker has a solid write-up and references to articles on all this business going down.