Bank of America will begin charging customers to use debit cards for purchases early next year.
It’s estimated the policy shift will boost the school’s dwindling coffers by over $6.5 million a year.
The Federal Reserve told Congress on Thursday that it may reconsider its proposal to limit the fee that banks charge merchants for debit card transactions to 12 cents per swipe, the latest twist in a battle over billions of dollars.
University of California officials are voting on a tuition hike that has fueled violent protests, leaving four police officers injured and more than a dozen protesters arrested.
University of California students clashed with police outside a meeting of the UC Board of Regents, which is scheduled to vote on another tuition increase.
The University of California is considering proposals to raise student tuition by 8 percent, expand financial aid and reduce pension benefits for future employees.