Bank of America to Impose Annual Fees on Transactional Users Credit Cards:

A couple of weeks ago Bank of America announced that it would not raise interest rate s in response to the new regulations imposed by the CARD Act. At the time I didn’t understand how Bank of America could apparently repeal the laws of supply and demand when no one else could. Now I understand–yesterday B of A announced that it was going to impose annual fees on some of its cardholders, particularly targeting those who do not revolve balances or pay penalty fees. As I noted a few weeks b