Well guys, I'm not sure you get the whole story. The pressure the government put on them to purchase Countrywide a few years ago, was something that had effects that are still being felt big time today. Countrywide was a complete mess and so many people walked away from their mortgages. People that should've never had bought a home in the first place, got mortgages and then they quit paying when they saw their home values drop so much. The government is interfering with the banks so much and making it more difficult for them to make profits. I can't blame the banks entirely for this situation.
The millions of people that bought homes and quit paying or got credit cards and went out and bought huge screen tv's and racked up huge debt are to blame. The banks don't force people to have no money management skills or control over their spending. You borrow money, you pay it back. Many people didn't and then call the banks evil. If the bank has to keep creating fees because they are being pulled down by regulations by the government and people unwilling to pay money that THEY borrowed, then the bank has to do what needs to be done. It's a business, and the consumer isn't holding up their end of the contract they signed. Plain and simple.
About the 5 dollar fee. I think it's just to match their stock price that has been hammered to a pathetically low price.
That's my humor for the day.