Joe Biden Criticizes Bank of America For Introducing New Debit Card Fee

Posted on October 7, 2011

Bank of America logoThe Huffington Post reports that Vice President Joe Biden has criticized Bank of America for adding a debit card fee in a speech given at the Washington Ideas Forum at the Newseum in Washington, D.C. Biden called Bank of America "tone deaf" for introducing the fee.

Biden said, "You can't blame the American people for feeling an overwhelming sense of frustration at this moment, when they're hanging on by their fingernails, and all of a sudden, [the banks] come along and say, 'Okay, even though we're going to make a healthy profit next year, we think we have to have this additional income coming in."

He also said about Bank of America, "At a minimum, they are incredibly tone deaf. At a minimum. At a maximum, they are not -- they are not -- paying their fair share of the bargain here, and middle class people are getting killed."
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