Is there nothing more important for government to focus on?
Do I really have to state the obvious?
Once may be a mistake, but three times in one week? Keep track of your finances for Pete’s sake. If you want to keep money in your pocket, don’t spend what you don’t have.
QUINNSCOMMENTARY 
I really applaud President Biden’s efforts to crack down on junk fees. I hope they go after resort fees next.
LikeLike
I guess it’s a public sign that projects” the President has his ear to the problems of the common folks”.
It’s a good public image for him by the President’s helpers. But it’s a classic example of executive powers overreach by the Office of the President.
LikeLike
Speaks volumes about the White House!
LikeLike
The overdraft fees probably are a bit excessive. I wonder what the actual cost to the bank is. That said, it’s easy for most to get overdraft protection or line of credit for their account to avoid this situation entirely.
LikeLike
If I recall correctly, I had overdraft protection (still do), but they charged me $30 to transfer the money from savings to checking. Which is better than a bounced check.
LikeLike
i get more benefit from the bank than I ever did years ago but that is progress. We write paper checks rarely and the bank billpay feature is no charge to us. A couple of clicks is all it takes.
Not saying it’s free but very low cost by standards of today.
The nanny state will take care of us all, one way or another.
LikeLike
Or no clicks at all. Three of my payments/transfers are automatic monthly. And all deposits are.
Which can be a problem. I’ve heard of people dying and and no one knew because their retirement checks and mortgages were automatic.
LikeLike
When I was a pup, I remember paying a monthly fee for a checking account, and more whenever I needed new checks. I remember once paying $30 for an overdraft. My bad. Never, ever, made that mistake again.
Now I earn interest on my free* checking account, and I am amazed at the amount of transfers and services the bank provides at no cost. Waiting now for my 23 tax forms, and their bookkeeping and record keeping alone is a big benefit to me.
Went to the bank last week to buy a cashier’s check for one of the kids. The teller warned me there would be a $30 fee. “Fine”, I said. Then she turned around and said, “Oh, sorry, there’s no fee. You must be a Veteran. (Yes.) Thank you for your service.”
I used to write 18 or more paper checks a month. Now it’s maybe 18 a year.
*Yeah, I know. Nothing is free.
LikeLike
Why take responsibility for your life when others are more than willing to do it for you. If you signed on for a student loan you see nothing wrong with having it transferred to other people. This kind of thinking permeates society and cannot lead to good outcomes.
LikeLike
I respectfully disagree. Repaying existing student loans is a step toward providing universal public supported higher education, much like current K-12.
Private colleges and private K-12 are still available for those who need it and/or can afford it.
Education is to the public benefit, and higher education is more important now than ever.
I got probably one of the last “free” BA’s from San Francisco State College in 1984, although there is still some access through Community Colleges and various grants and scholarships.
That (80s) was the beginning of the Reagan Era. A lot has changed since then, not always for the better.
LikeLike
Harvard and many others have endowments that are massive in size and you want the taxpayer to pay for private education as well as support public universities. You have the disgraced former Harvard president earning close to $1 million as a professor/administrator. You want the working man/woman to pay for this? Unreal!!
LikeLike