Congress votes to overturns the $5 cap on bank overdraft fees

let's remove all consumer protections

You can opt to refuse overdrafts.

rightoids are straight up just jews who are less competent at scheming

Way to turn people's debit cards into credit cards without their consent. Loan sharking basically.
They usually do that by also raising credit card requirements and funneling the poors towards this shit. Overdraft fees+rates usually amount to triple the credit card rates.

In normal countries you have to opt in for such services.

Glad we agree America is a normal country.

But they have jews on that side aswell

are you tired of winning yet, republicans?

Why did you post this meme in this thread? Automated shitskin bot?

so... a credit card with 23 extra steps?

let's remove all consumer and environmental protection

fifty gorillion for Israel

mutts...

I think Congress feels they arent hated enough yet.

One day my friends, one day.

Why the fuck are you brown retards overdrafting?

do you want to let us pay more than you own? we will charge you $35.

me: "No"

Repulicans argued that the "disastrous" regulation issued in the final days of president Joe Biden's term would have forced banks to stop offering overdraft protection altogether and made it harder for Americans to access credit.

??? Overdraft protection is a scam. Like, so are overdraft fees, in this day and age
Literally just don't let the transaction go through if enough money isn't in the account.
Why let it go through just so that the system can THEN forcibly correct the error, while charging some literal poor person money they don't have in the form of an overdraft fee.
The idea of there needing to be a "subscription" for this is total grifter BS. This is just the bog-standard stuff of any halfway decent protocol.

You don't have to let it go through. You have to opt in for "protection". And you don't seem to understand it's not just a correction, it's a temporary loan. They allow the payment, but you have to repay it later including the extra fee.

It's stupid to rely on, but poor people are often stupid.

You don't have a choice in some cases. You get overdraft no matter what for some policy or legal reason. Some banks were intentionally reordering credits to maximize this Judaism.
On top of all this. I managed to overdraft even though I had ample liquidity in another checking account because it's an easy scam money maker for these people.

This is absolutely false. I don't know why retards repeat it. You will overdraft in some cases, period.

do not vote at all lol
all of your political parties are slaves for corporate interests
unironically the only way to bring change in the USA would be to start bombing buildings
yes call me a glowie now you know it's true

why are you so jewish

You have to opt in for "protection".

I opted out. They charged me anyways.

It's stupid to rely on, but poor people are often stupid.

Hey fuck you man. I wasnt *tricked*, I was robbed.

answer his question kekistranny

unironically the only way to bring change in the USA would be to start bombing buildings

leftists tried this in the 60s/70s and it didn't do anything
america is just too big for anyone to care about that sort of thing
you could bomb a dozen buildings and it wouldn't affect 99.9999999% of the population, no one would care

My argument is to the effect that whoever voted for banks to be able to charge high overdraft fees, especially on the basis of "fairness" to the banks, is ignoring the fact that overdrafting is a problem which banks could (and should, if they are obligated to best serving their customers) simply prevent altogether with existing infrastructure, removing the overdraft process entirely and instead simply returning NSF before allowing the account to go under $0.
All it would require is, upon a client making a payment, an internal check at the bank to see if the amount they're requesting is actually in their account or not. If it isn't, the bank returns NSF for the transaction instead of allowing them to overdraft, just to fail their transaction and hit them with an exorbitant $45 fee anyway. (this actually happens in canada, if it doesn't happen in the states)
If I were starting out again and wanted a credit product, I'd get a credit card. I definitely wouldn't get a bank account that acts like neither a safe place for my funds because it punishes me for not monitoring its balance on a daily basis, and isn't even a credit product because it doesn't allow me to complete the transaction which put me into overdraft.

I've never understood why banks don't just check to see whether the transaction would fail without charging you a monthly fee for "overdraft protection". It was one of the first reasons I'd ever been pissed off at a bank for personal reasons, and the answer seemed really obvious—which made it feel even more insulting that it happened. Makes you feel like we're run by people who are, at best, out-of-touch and very entrenched in traditional ways—and at worst, greedy pigs who actually think they get off on charging a poor person money which they, uniquely, have awareness over this poor person not having. It may sound cynical, but it makes you want to NEET your whole life so that you don't have to participate in such a bad game.

My argument is to the effect that whoever voted for banks to be able to charge high overdraft fees, especially on the basis of "fairness" to the banks, is ignoring the fact that overdrafting is a problem which banks could (and should, if they are obligated to best serving their customers) simply prevent altogether with existing infrastructure, removing the overdraft process entirely and instead simply returning NSF before allowing the account to go under $0.

but duuuude, allowing people to overdraft and then charging them exorbitant fees is an example of american capitalist ingenuity

exploding buildings with people in it doesn't do much. it's much easier and much more effective to attack critical infrastructure. HV transmission lines run through the woods. transformers and substation implements are typically only guarded by a chain link fence. even something as simple as a drone carrying some wire could induce a phase to phase arc over.

Sure, but how do you make that political? You damage some power infrastructure and cut off people's electricity and they're just going to get pissed off. Has any kind of political terrorism ever been effective in modern Western countries? The only thing I can think of is the IRA and that was a near 100 year campaign that ended with mixed results.

The only thing political terrorism would do in America is unite everyone against the terrorists.

are you retarded? you just false flag the other side.

missing the point this hard

Internal terrorism doesn't work in the West. Can you name a single successful example other than the IRA?

Republican voters really are cuckolds

(some) Banks reorder your transactions to hit you with overdraft fees.

Poor person problem, don't care

Lmfao for real
Based patrician's take

The british mandate in palestine ended due to terrorism
The british decolonized India after terrorism (there was a terror campaign, not commonly taught in history classes)
The IRA as you mentioned
I mean, you can say the first two aren't "internal", but it's internal before it works and then after they redefine the borders which is entirely the point.
There's also "political movements" with violence that aren't called terrorism after the fact: the US civil rights movement (weather underground), BLM riots, anarchism in the early 1900s (they used to just throw bombs around new york city), resistance to prohibition, etc.

Governments want to pretend that political violence doesn't work because if they admitted it does work sometimes, there'd be non-stop political violence.

It's worse than that. Banks charge flat X amount for each overdrafted transaction. Because of this, the banks will process transactions not in the order of transaction, but will rank by transaction size first in order to maximize the number of overdraft fees.

t.irresponsible in his 20's back in the 00's

based republicans

some overdraft you even when you have the money but in a second account with the same bank
somehow this is a huge amount of a bank's revenue despite fractional reserve banking

also it's compounded by our stone age nigger tier ACH clearing system that takes like 3 business days to clear a transaction.

Anon what do you think is going to happen when someone uses your card # in a data leak and purposefully overdrafts your shit when they know theres no cap on overdrafting?
Will the bank be nice and waive the indefinite amount of debt racked up under your nose from the data leak, or will they tell you "tough shit, that's locked in as revenue on our books, pay debts now".
The only way to protect against that bullshit would be to cancel every debit card you have and go all in on credit use exclusively to hopefully give yourself a crashpad when silicon mcfuck gets their commerce services hacked for the bajillionth time.

Protip: non-loan default != loan default

that's done on purpose because in the meantime the money works for the bank