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“The CFPB said overdraft and non-sufficient funds fees — otherwise known as a bounced check fee — were roughly 18% of the bank’s non-interest income in 2019.”
That’s sickening. Banks like this one have an irreconcilable conflict of interest and should be barred from consumer banking. Banks should be a trusted place to store money and facilitate conducting secure transactions, but instead they are seeking ways to defraud and steal more creatively every day.