"Score one for a customer rebellion!" -- that's how Diane Sawyer announced on ABC Nightly News Friday night that big banks are backing off debit card fees after 300,000 people signed Molly Katchpole's Change.org petition against Bank of America's $5 debit card fee.The 99% is fighting back. You can view cumulative totals to the petition and a timeline of linked events here.
Not only is Bank of America revising its $5 debit card fee, but big banks like Chase and Wells Fargo are publicly canceling their plans to charge their customers for debit cards.
You must watch this segment from ABC Nightly News about Molly's Change.org petition. It's a truly inspiring story about what's possible when we organize together.
Congratulations, to Molly and everyone who signed this petition. We CAN make a difference.
Sign Molly's petition here
***Update 11/01/11 ***
Bank of America just announced that it will cancel plans to charge its debit card holders a $5 fee to use their card.
Three cheers for Molly and the three hundred thousand signers of this petition.