the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Feb 1, 2021
Banks continue to find ways to profit off of regular people’s hardships.
Back last March, as millions of people were losing their jobs at the start of Covid-19 lockdowns, federal regulators “encouraged” banks to waive overdraft fees. Of course that’s all they did—encourage.
Instead, banks continued to charge those fees, and even raised them to a record average of $33.47 per overdraft.
And this year, banks are expected to pull in 30 BILLION dollars—on overdraft fees alone!
Our difficulty keeping money in the bank is their opportunity to take more from us. They have no shame.