Their point is that poor people use overdrafting instead of making actual loans. Removing the overdraft revenue from banks would make banks not offer it, making it necessary for poor people to take worse loans.
It's just an opinion piece and the author admits that it could have other results.
Paywalled. Open in incognito.
Their point is that poor people use overdrafting instead of making actual loans. Removing the overdraft revenue from banks would make banks not offer it, making it necessary for poor people to take worse loans.
It's just an opinion piece and the author admits that it could have other results.