Overdraft fees were created in 1990. Credit scores were created in 1989. We can live without them.
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Replying to @ninaturner
These are the kinds of “little destroyers” that increase the system’s profits while damaging people’s lives.

Sep 28, 2022 · 11:15 AM UTC

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How do we protect borrowers who become unable to borrow more because they’ve defaulted on their obligations from borrowing more? Im not talking about medial debt or utility debt.
I worked at a large bank in a poor area. one of the goals set by our district manager was to set up accounts to increase the chance of overdraft fees. The branch I worked at had 400k in overdraft fees in one year.
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