The bank, which has a branch on Nassau Street and is patronized by many students, announced two weeks ago that it would begin testing a new fee system at the beginning of next year. Other banks including Chase and Wells Fargo announced similar policies. However, following public outcry and Chase’s and Wells Fargo’s cancellations of their fee programs, Bank of America dropped the planned fee.
The bank listened “to [its] customers very closely,” in deciding to reverse the policy, said David Darnell, co-chief operating officer of the bank, in a statement following the announcement.
Prior to the reversal, executives from Bank of America defended the fee, saying that it would encourage customers to use additional bank services that would exempt them from the fee.
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GSG approves audit, delays budget approval after ‘insufferable’ meeting
Nikki HanThe final Graduate Student Government (GSG) meeting for the semester lasted more than an hour and a half when discussions over the proposed budget for the next year and a proposed Student Life Fee of $100 turned controversial.
The final Graduate Student Government (GSG) meeting for the semester lasted more than an hour and a half when discussions over the proposed budget for the next year and a proposed Student Life Fee of $100 turned controversial.
Effort to restore chapel’s pews slowly progresses
Ben GoldstonHead carpenter Jim Sullivan has been restoring the Chapel pews over the last year. The dry atmosphere of the Chapel has warped the wooden pews over the years.
Head carpenter Jim Sullivan has been restoring the Chapel pews over the last year. The dry atmosphere of the Chapel has warped the wooden pews over the years.
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Chemistry professor Chris Chang’s lab studies the chemical biology of the elements, specifically examining the roles that copper, iron, and zinc play in biology across all kingdoms of life.