Tag Archives: fines

THE TRUTH ABOUT OVERDRAFT FEES+

ovedraft-fees-graph-2

An overdraft on an account is really a temporary loan by a bank for x amount of dollars for a given customer.  If the fee exceeds 10% of the overdraft amount then the bank should be found guilty of usury or extortion and forced to pay a fee and/or imprisonment time for those responsible for imposing the usurious fee.

 

Legal enforcement will be necessary to avoid loan sharking by banks who charge a flat rate of $35 for an overdraft of $349 dollars or less. Justice is possible but usurious rates must be stopped and banks must operate within the law or not at all.

 

To understand what usury is read my blog on The truth about usury.

 

If you liked this evergreen truth blog then read more of them, about 1600 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/