{"id":569,"date":"2011-10-05T08:33:57","date_gmt":"2011-10-05T12:33:57","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=569"},"modified":"2011-10-05T08:33:57","modified_gmt":"2011-10-05T12:33:57","slug":"obama-banks-trade-fire-in-debit-card-debate-npr","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2011\/10\/obama-banks-trade-fire-in-debit-card-debate-npr\/","title":{"rendered":"Obama, Banks Trade Fire In Debit-Card Debate : NPR"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.npr.org\/2011\/10\/04\/141049178\/obama-banks-trade-fire-in-debit-card-debate?ft=1&amp;f=1014\"><img src='http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/boa_debit_fees.jpg' alt='' \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>President Obama has waded into the controversy over bank-card fees, suggesting that Bank of America is mistreating its customers with a plan to start charging a $5 monthly fee for the use of its debit card.<\/p>\n<p>In an interview Monday with ABC, the president seemed to suggest the fee could become a target for the federal government&#8217;s new financial watchdog agency.<\/p>\n<p>&#8220;This is exactly why we need this Consumer [Financial] Protection Bureau that we set up, that is ready to go,&#8221; he said.<\/p>\n<p>Bank of America announced its new fee last week in a direct and very public response to the law that set up the Consumer Protection Bureau. One part of that law \u2014 known as the Durbin Amendment \u2014 caps the hidden fees that banks were already charging retailers anytime a customer uses a debit card.<\/p>\n<p>via <a href=\"http:\/\/www.npr.org\/2011\/10\/04\/141049178\/obama-banks-trade-fire-in-debit-card-debate?ft=1&amp;f=1014\">Obama, Banks Trade Fire In Debit-Card Debate : NPR<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; President Obama has waded into the controversy over bank-card fees, suggesting that Bank of America is mistreating its customers with a plan to start charging a $5 monthly fee for the use of its debit card. In an interview Monday with ABC, the president seemed to suggest the fee could become a target&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,22],"tags":[339,342,340,341],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/569"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=569"}],"version-history":[{"count":1,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/569\/revisions"}],"predecessor-version":[{"id":571,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/569\/revisions\/571"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=569"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}