you can opt out of overdraw/overdraft-fees by law (one thing after the housing crisis under obama I whole-heartedly agree with).
The new racket/loop-hole is auto-pay: when this overdrafts, you cannot stop it. The same law needs to apply here.
This story seems to be scrubbed from the internet (or I can’t find it), but in the 2000s in the U.K. if you exceeded your overdraft limit you were charged £35 per transaction. This was usually caused by direct debits being taken before wages hit. One guy with three kids had gone back to college to study a postgrad and his wife had done the same, so for the year they were on a tight budget. He got hit with two of these £35 overdraft fees in one month so he contacted his bank to demand a refund. When the bank refused he informed them that he was a solicitor, that the bank could not legally charge such excessive fees for a service not even requested, and by law could only charge the customer the costs endured by the bank as a result of exceeding the limit. He said if they gave him back his £70 that would be the end of it, but if they didn’t he would pursue it and that would be bad news for his bank. The bank refused.
When he finished his postgrad he went on a tour of the country telling people how they could get these fees back. All it required was 6 years of bank statements with each fee highlighted accompanied by a solicitors letter (only costs about £50). It got picked up by media and the story went national. Last I heard British banks had had to book a £10 billion liability as a result of this. All because they wouldn’t give a student back his £70.
And it's still just a drop in the bucket. The fines are merely a cost of doing business and not an effective deterrent.
Yeah it didn’t cripple any of them, but the £10 billion wasn’t in fines, it was money they had to return to their customers. People got thousands out of it. I was living in England when this was going on and pretty much everyone was submitting their claims for refunds. It was nice to see ordinary people getting a few quid back from something like this for a change.
Congress should do something about this.
Then again, they don't care, they never pay overdraft fees!
They care. They care very much about their bank masters being able to do this.
moratorium on poor paying rent to the kulaks middle class landlords, but no moratorium on the kulaks middle class landlords paying rent to the upper class banks
Vladimir Lenin himself described Kulaks (almost wealthy peasant) as "bloodsuckers, vampires, plunderers of the people and profiteers, who fatten on famine," declaring revolution against them to liberate poor peasants, farm laborers, and proletariat.
https://en.wikipedia.org/wiki/Lenin%27s_Hanging_Order
"Comrades! The insurrection of five kulak districts should be pitilessly suppressed. The interests of the whole revolution require this because 'the last decisive battle' with the kulaks is now underway everywhere. An example must be made.
Hang (absolutely hang, in full view of the people) no fewer than one hundred known kulaks, fatcats, bloodsuckers. Publish their names. Seize all grain from them. Designate hostages - in accordance with yesterday's telegram. Do it in such a fashion, that for hundreds of verst around the people see, tremble, know, shout: "the bloodsucking kulaks are being strangled and will be strangled".
Telegraph receipt and implementation. Yours, Lenin.
P.S. Use your toughest people for this."
I haven't paid income taxes since 1995 due to both Congress and The People's Republic of the State of California manufacturing my consent to waste public funds sourced off my paycheck deductions.
It all benefits the childeater Uniparty System. #defylogic
![Friendly Reminder [1080x825 - 382KB]](https://pic8.co/sh/qux8uo.png){kind=link}
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