Molly Katchpole has become an Internet sensation—and a real people’s champion. Katchpole is the 22-year-old who led the charge against Bank of America, which capitulated to a public campaign against a planned monthly $5 fee on debit card transactions, in an about-face on September 29.
“I heard the news about the fee and was like, ‘That is it. I'm sick of this,” Katchpole said. She is a recent college graduate who lives paycheck-to-paycheck in Washington, D.C.
“On the one hand, [Bank of America] is running a business, but on the other hand, it is people’s money they are working with, and some people don't have a lot of money. It's not like they are just selling toothbrushes—it goes much deeper than that."
Katchpole petitioned Bank of America’s president and CEO Brian T. Moynihan to reverse the $5 fee decision. On October 1, Katchpole’s online petition on Change.org had attracted 100 signatures; by the 30th, it had more than 300,000.
The Bank waved the white flag on November 1, surrendering to people power and stating that it will not implement a debit usage fee.
Okay, America, I didn’t know you felt so strongly.