The following video is part of today's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser, Jeff Fischer, and Motley Fool UK's David Kuo discuss the day's business and investing news. Bank of America has pulled the plug on its plan to charge $5 a month for debit cards. The guys discuss whether companies like Netflix and Hewlett-Packard should get credit for reversing course, and whether Bank of America needs to implement a bigger change.

Chris Hill owns no shares of any of the companies mentioned.  The Motley Fool owns shares of Bank of America, Wells Fargo, and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.