Overdraft fees were created in 1990. Credit scores were created in 1989. We can live without them.
1,289
15,265
647
84,832
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

2
8
139
Replying to @marwilliamson @ninaturner
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.
Replying to @marwilliamson @ninaturner
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.
1
15