The parent companies of traditional banks instituted high overdraft fees and the ChexSystems blacklist to steer poor customers away from checking accounts and t

The parent companies of traditional banks instituted high overdraft fees and the ChexSystems blacklist to steer poor customers away from checking accounts and towards the check cashing and payday loan companies, which they also own, but which have vastly higher margins on poor customers. At least, this is the claim I've seen thrown around.