Report: B of A will drop $5 debit card fee

This had been coming for some time, especially after the other major retail banks chose not to join B of A. The idea was to charge customers $5 a month for making purchases with their debit cards - not all that unreasonable, but coming at a time when everyone is after the banks for supposedly ripping off consumers. Depositors were livid, and many warned that they would switch over to another institution (kind of a challenge because of online banking). Announcement is expected later today; WSJ has the news, citing a source.