this post was submitted on 25 Jan 2024
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Banks need it /s (lemy.lol)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/whitepeopletwitter
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Bluesky Post.

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[–] [email protected] 3 points 10 months ago

Usually the defense behind banks 'allowing' overdrafting is that surely you wouldn't want to miss paying a bill because your paycheck hasn't landed yet. So the argument here would probably be if you cap overdraft fees, then banks won't allow overdrafting anymore and then poor families will have their electricity shut off and get evicted.