Statements like this are part of the problem. It might resonate, but its false.
in 2010, BofA paid back its TARP loans in full, but also posted a $2.2 billion loss, the first loss of any kind since before the BankAmerica/Nations Bank merger in '97, the last year I worked for them. Thats a net loss of annual revenue of $4.78 billion. Card services, where Congress cut fees and they countered by raising debit card fees, was a loss of $1.1 billion. When a bank is losing money in card services, its irresponsible for Congress to cut their fees and damage the industry further. The shift of fees from credit cards to debit cards, while not popular, makes perfect sense given the increase in use and processing costs.
And here's the kicker. This is the way Congress envisioned this working. It's called the Durban rule. Go read some of the statements made during the debate. In short, by capping per swipe fees, they will reduce the cost of businesses to process credit card transactions, lowering the burden on the business. Card issuers will them recoup costs directly from their customers in the form of other offsetting fees.
The Durban rule wasn't designed to help card users. it was designed to help small businesses and screw the consumer. Congress didn't try to help the little guy only to have the evil banks adopt a different tactic. This was by design. If anyone is curious, Durban is an Illinois Dem.