The effects of "National Bank Transfer Day"

“During “Bank Transfer Day” earlier this month, 40,000 Americans moved their money from the nation’s biggest banks to credit unions...[and] about 650,000 Americans joined credit unions in October, which is more people than in all of 2010 combined. According to cg42, a consulting firm that does work for the biggest banks, “the nation’s 10 biggest banks could stand to lose as much as $185 billion in deposits in the next year due to customer defections.””

While over the years various activist groups have encouraged people vote with their money in this kind of way, this is the first large-scale successful movement. Do you think this will affect future banking policies? In what way? What other similar measures might we take?

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