If you needed any more of a reason to move your money, consider that many firms, such as Bank of America, have turned the truly indigent into profit centers, by making money off of debit card fees for unemployment benefits.

Ever since Bank of America and other banks announced their monthly fees for using debit cards for purchases (BofA is leading the way on this with their $5 monthly fee), I’ve heard an elevated amount of conversation about it from friends and passersby. Most public policy doesn’t grab the person in the street, but charging five bucks to use your own money to buy something has hit a nerve. It’s not for nothing that BofA’s website went down today.

If the federal government is finally catching up to some of the ways in which the credit card companies prey on customers and muscle out competition, they’ll have to look at what the industry is doing on college campuses, which is one step ahead of them.