regressive fees

Capital One has become the nation's largest bank to end overdraft fees for all of its customers. Federal regulators are taking a hard look at bank overdraft fees, which hit customers with lower incomes the hardest.

People hate overdraft fees. Banks are ditching or reducing them

1:10pm January 11, 2022

by Chris Arnold

Capital One says it will stop charging overdraft fees and Bank of America is reducing them. These hefty fees hit people with low incomes the hardest.

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