this post was submitted on 17 Jan 2024
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Joe Biden Plans To Slash Bank Overdraft Fees To As Little As $3 (www.huffpost.com)
submitted 10 months ago by [email protected] to c/[email protected]
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“Banks call it a service,” the president said. “I call it exploitation.”

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[–] [email protected] 2 points 10 months ago

I think the fundamental problem is that this "feature" is on by default. It should be opt-in, not opt-out. Yes, people are responsible for handling their own finances, but it's also not difficult to fall into an overdraft accidentally.