• Mog_fanatic@lemmy.world
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    4 days ago

    I actually looked for this and the only thing I could find is some of them were saying that it would cause people to seek out less reputable and riskier banks because by not being able to charge people out the ass for overdraft fees the good banks would be forced to limit or eliminate overdraft protection.

    Others just said the law shouldn’t have been passed in the first place because it was passed using some rule that allowed it to pass with a simple majority and you couldn’t filibuster.

    I’ll let you decide what to make of that but it seems… less than sound reasoning.