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Dave Zweifel: It’s time for banks to ease up on oppressive overdraft fees

Outlandish fees for an overdrawn check — $38, for instance, for being a dollar overdrawn — helped spawn the formation of Barack Obama’s Consumer Finance Protection Bureau, which initially helped tens of thousands of consumers deal with banks, credit card companies and payday loan sharks. The bureau was making progress until the Donald Trump administration happened on the scene.

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Dave Zweifel: It’s time for banks to ease up on oppressive overdraft fees

Outlandish fees for an overdrawn check — $38, for instance, for being a dollar overdrawn — helped spawn the formation of Barack Obama’s Consumer Finance Protection Bureau, which initially helped tens of thousands of consumers deal with banks, credit card companies and payday loan sharks. The bureau was making progress until the Donald Trump administration happened on the scene.

Read More »

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