MIAMI – As part of the 99%’s effort to reclaim the U.S. economy from corporations and big banks, Miami residents and community organizations from around the city will march on Bank of America from Historic Overtown, one of the hardest hit communities in the “Great Recession”, to a downtown branch of Bank of America. The march will protest BoA’s new policy of charging debit cardholders a monthly fee.
Recent legislation capped the merchant fees BoA could charge businesses for processing their cards. So, instead of making less profit, they decided to pass the cost on to hardworking people across this country in the form of another fee.
BoA received $199 billion dollars in a taxpayer-funded bailout. Now they are going to be charging customers a $5 monthly fee just to use their BoA cards. Beyond that, BoA has become the poster child of Big Banks not doing their part to help with the hundreds of thousands of mortgages that are now either underwater or in foreclosure.
“We in the 99% are tired of how corporations and big banks treat us. It is time for foreclosures to stop, and for economic equality in our society,” said Ricardo Dormevil, who will be at the protest.
This protest is a part of a national movement of people pulling their money out of large banks and moving their money to smaller credit unions, as anti-corporate and anti-bank sentiments are spreading across the country.
EVENT DETAILS
Date: Tuesday, November 1st
March: The march will begin at 10:00 AM
Stop at Occupy Miami at 10:50AM
Arrive at Bank of America at 11:15AM
Where: Greater Bethel AME Church
245 NW 8th Street
Overtown, FL
Government Center
111 Northwest 1St Street
Miami, FL
Bank of America
150 West Flagler Street
Miami, FL
