Bank of America will give small business credit card customers many of the same protections that consumers now enjoy under Washington's stricter regulations, including an agreement not to raise interest rates on existing balances, the bank announced today.

March 2 (Bloomberg) -- Bank of America Corp. ’s credit-card unit, which posted a $5.6 billion loss last year, will be combined with the deposits business as chief Ric Struthers leaves the company.

Bank's $5.2B loss driven by "challenging" economy and poor consumer credit results.

Nationwide credit card issuers like Citi, BofA and Capital One will be hurt by the CARD Act, but how much?

Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest rates and fees they're being charged starting Monday.