Overdraft fees are essentially short term loans with insanely high interest rates. It’s a major source of revenue likely and no different than the payday loan industry which is massively profitable. Banks are just not subject to the same scrutiny.
Overdraft fees are essentially short term loans with insanely high interest rates. It’s a major source of revenue likely and no different than the payday loan industry which is massively profitable. Banks are just not subject to the same scrutiny.
No replies yet.