What could have prevented BofA’s colossal debit card mistake?
by Greg Garson When you take a step back and evaluate BofA’s current situation, you could potentially have sympathy for them. The failing mortgage business (thank you, Countrywide); the under-performing investment business (thank you, Merrill Lynch); the Durbin amendment (over $2 billion in lost interchange fees) and the Reg E (another couple of billion in [...]

