Bank fees to rise?

Commercial banks have a lot to worry about as the mortgage meltdown continues. True, the government is aiming to ease their mortgage problems a bit. But the reality is that the volume of activity has plummeted and the non-traditional business isn't coming back. So one way to interpret Bank of America's move to hike ATM fees on non-customers is that it is anticipating the need for more revenue. Other banks have followed suit and are likely glad that Bank of America had the guts to make the move. One issue is whether we're going to see more fee inflation. It's always a tricky thing, with all the consumer advocates. But right now, I think it's a decent bet.  

For more:
- here's a CNNmoney.com article

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