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#overdraftfees

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megan<p>🚨 Republicans just voted to keep screwing over working Americans — all to protect big bank profits.</p><p>The Biden-era CFPB passed a rule capping predatory overdraft fees at $5. That saved regular people $5 billion a year. </p><p>You know who hated that? Wall Street.</p><p>So guess what the GOP made a priority? Killing that rule.</p><p>Every single Democrat voted to protect consumers. </p><p>Every single Republican voted to let banks keep robbing people who are struggling the most.</p><p>They chose billionaires over the 99% — again.</p><p><a href="https://hachyderm.io/tags/BankrolledByBanks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankrolledByBanks</span></a> <a href="https://hachyderm.io/tags/GOPCorruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GOPCorruption</span></a> <a href="https://hachyderm.io/tags/OverdraftFees" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OverdraftFees</span></a> <a href="https://hachyderm.io/tags/CFPB" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CFPB</span></a> <a href="https://hachyderm.io/tags/ClassWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClassWar</span></a></p>
Tanquist<p><span class="h-card" translate="no"><a href="https://octodon.social/@jalefkowit" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>jalefkowit</span></a></span><br>A dozen or so years ago a small <a href="https://masto.ai/tags/overdraft" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>overdraft</span></a> on my <a href="https://masto.ai/tags/WellsFargo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WellsFargo</span></a> account triggered a cascade of <a href="https://masto.ai/tags/OverdraftFees" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OverdraftFees</span></a> totaling over $600 - all for small transactions I thought were covered... except for that one oversight. I begged for mercy and they told me to take a hike. I was so mad I took them to small claims court. They didn't even show up for the hearing, so I got all of my money back plus the court filing fee.<br><a href="https://masto.ai/tags/justice" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>justice</span></a></p>
Cory DoctorowLong thread/4
Church of Jeff<p><a href="https://youtu.be/sLBrUSUMOS8" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">youtu.be/sLBrUSUMOS8</span><span class="invisible"></span></a><br>Let's talk about Biden, banking, and overdrafts....</p><p><a href="https://mastodon.world/tags/NoBillionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NoBillionaires</span></a> <a href="https://mastodon.world/tags/overdraftfees" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>overdraftfees</span></a></p>
ScottMGS<p>Ugh. Gotta pay attention to everything always. Who's got time for that! This is outrageous!</p><p>No, I shouldn't be surprised - after all, money is involved - but I am. Some are even spinning their fees as services to help economically disadvantaged people make it to the end of the month.</p><p>Ugh, I say. Ugh!</p><p><a href="https://www.kpbs.org/news/quality-of-life/2023/11/29/san-diego-credit-unions-charging-millions-overdraft-fees" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">kpbs.org/news/quality-of-life/</span><span class="invisible">2023/11/29/san-diego-credit-unions-charging-millions-overdraft-fees</span></a></p><p><a href="https://justme.masto.host/tags/creditUnion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>creditUnion</span></a> <a href="https://justme.masto.host/tags/overdraftFees" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>overdraftFees</span></a></p>
Magpieblog<p>' [The] picture among California’s 114 state-chartered credit unions is alarming. Overall, they took in $252 million in overdraft and non-sufficient funds fees (NSF) in 2022. Thirty credit unions earned half or more of their net profit from overdraft and NSF fees alone. Any financial institution ... that relies on overdraft fees for a majority of their earnings is operating in an unsafe and unsound manner. '</p><p><a href="https://mas.to/tags/CreditUnions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CreditUnions</span></a> <a href="https://mas.to/tags/OverdraftFees" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OverdraftFees</span></a> <a href="https://mas.to/tags/PredatoryCapitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PredatoryCapitalism</span></a> <a href="https://mas.to/tags/California" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>California</span></a> </p><p><a href="https://www.politico.com/news/magazine/2023/10/05/credit-unions-overdraft-fees-00119904" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">politico.com/news/magazine/202</span><span class="invisible">3/10/05/credit-unions-overdraft-fees-00119904</span></a></p>