- Banks took $12.4 billion in overdraft fees from Americans in 2020. That means they took billions just from the people who have no money... in a global pandemic. I've never heard a stronger argument for the adoption of crypto and defi. https://prospect.org/economy/big-banks-charged-billions-in-overdraft-fees-during-pandemic/ 106 comments cryptocurrency
- Big Banks Charged Billions in Overdraft Fees During the Worst Months of the Pandemic: Recent financial disclosures show overdraft to be lucrative for commercial banks, and a burden on their most vulnerable customers https://prospect.org/economy/big-banks-charged-billions-in-overdraft-fees-during-pandemic/ 118 comments economy
Linking pages
- GOP to CFPB: Go Easy on the Banks! - The American Prospect https://prospect.org/economy/gop-to-cfpb-go-easy-on-the-banks-overdraft-fees/ 26 comments
- Why the West should embrace Cryptocurrency and the Blockchain | by Math Politics | Medium https://mathpolitics.medium.com/why-the-west-should-embrace-cryptocurrency-and-the-blockchain-42c685d316ae 23 comments
- Jamie Dimon’s Overdraft Dishonesty - The American Prospect https://prospect.org/economy/jamie-dimons-overdraft-dishonesty-jpmorgan-chase-pandemic-relief/ 23 comments
- Pluralistic: 02 Oct 2021 – Pluralistic: Daily links from Cory Doctorow https://pluralistic.net/2021/10/02/debt-trap/#global-arm-breakers 0 comments
Linked pages
- Federal Reserve Board - Federal Reserve Board announces temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks https://www.federalreserve.gov/newsevents/pressreleases/other20200423a.htm 17 comments
- Jamie Dimon's Letter to Shareholders, Annual Report 2020 | JPMorgan Chase & Co. https://reports.jpmorganchase.com/investor-relations/2020/ar-ceo-letters.htm 2 comments
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