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Detailed text transcripts for TV channel - FOXNEWS - 20111105:20:14:00

by preying local communities, credit unions will be expanding to meet the demand. they will be hiring additional employees. julie: the big banks are keeping mum on whether they have seen an uptick in account closures. when asked, bank of america declined to comment but a spokesperson did tell us this today regarding the debit fees. we listen to our customers and decided 9 come pet tiv conditions in the marketplace we would not proceed with the planned fee. it s not likely the account closures are going to have much effect on these huge banks considering each have about $100 billion in bank deposits but the message is being heard loud and clear. many people turning their backs mostly on bank of america which is how it started with the five dollar debit card fee. it has since been cancelled.

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