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> “doing a service for the community” Go on then... what was their argument?
by DaiPlusPlus 5y ago
> “doing a service for the community”
Go on then... what was their argument?
- numair 5y agoThere is Congressional testimony somewhere on this topic that provides their talking points. They were scolded without being actually punished, if I remember correctly.
- chrisseaton 5y agoI guess stopping you defaulting on loans so losing your car and things.
- dec0dedab0de 5y agoI believe the argument in favor of overdraft fees is that they are essentially extending a line of credit at the moment the customer needs it. As opposed to just denying the transaction outright. I had this happen to me once well over a decade ago, and I argued with my bank to make it so I would just be denied if it ever happened again. They acted shocked as if most people would rather go into debt than be denied.