banking

Did Banks Collect $30 Billion in Overdraft Fees in 2018?

In January 2019, the following meme appeared on social media about overdraft fees collected by banks: The meme read: Banks collected over $30 billion in overdraft fees last year. Another way of saying that, banks took $30,000,000,000 from people who had no money. That statement is not exclusive to the image reproduced here; it appeared in …

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