Bank of America reported a net loss of $7.3 billion in the third quarter on Tuesday, citing the recently passed financial reform law for a one-time charge in its credit and debit card unit.

Earnings for the nation’s largest bank came in at a loss of 77 cents per share, compared to a loss of 26 cents per share a year ago.

The bank attributed the loss to a $10.4 billion one-time charge that it was taking as a result of new limits on debit card fees that are part of the Dodd-Frank Act.

Excluding this charge, net income was $3.1 billion, or 27 cents per share. That topped analysts’ forecasts. According to Thomson Reuters, analysts expected the bank to earn 16 cents per share for the quarter, excluding charges.

The bank reported stronger income over a year ago in its mortgage banking and credit card businesses, and also said consumer credit costs were lower.

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(Read More: CNN Money)