Throwing scraps to people, the BofA way

FT.com / Companies / Banks - BofA to scrap overdraft fees for card users: "Bank of America has said it will eliminate overdraft fees for debit card customers in a move designed to quell consumer frustration and keep the bank a step ahead of new regulations that restrict such charges.

The $35 fee has drawn widespread criticism from consumer groups and legislators. Federal Reserve rules that take effect this summer require banks to obtain a customer’s permission before enrolling them in overdraft programmes."