Trailer for "Overdrawn!", a feature-length documentary about predatory banking fees, with Ralph Nader, Joel Bakan ("The Corporation"), a loan shark, and lots of consumers who are fed up with their ...
Trailer for "Overdrawn!", a feature-length documentary about predatory banking fees, with Ralph Nader, Joel Bakan ("The Corporation"), a loan shark, and lots of consumers who are fed up with their banks for ripping them off with overdraft fees.
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BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!! In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
Call the bank and ask to cancel overdraft protection....I just did myself! Call Senator Chris Dodd and show your support for his bill that will stop this shit from happening. He will limit the amount of Overdraft fees to 1 per month, 6 per year. Overdraft fees must be proportionate to the cost of processing an overdraft charge. His number is 202-224-2823. Call and show your support. Google Chris Dodd's overdraft legislation for more information. Pass this message on...post it wherever you can.
Great preview. The Center for Responsible Lending is also fighting to get these unreasonable fees to stop. They have a form letter on their website that you can send to the Federal Reserve Board asking them to pass rules requiring banks to have people opt-in to overdraft programs instead of automatically enrolling them without permission. The Center is also pushing for transaction warnings letting people know when they are going into the red. Just check out the Overdraft Loans issue section.
Just FYI, here in Canada, we use a thing called Interac, which will tell you at the point of purchase if you don't have enough in your account, and refuse the transaction. We also do overdraft on accounts, but only if you ask for it and for much, much less than in the United States.
Canada Rocks! Fuck CorpMerica (formally the United States of America) If Carter was reelected in 1980 instead of that bafoon Reagan the world would be a better place right now. The stock market would not crash in 1987. Iran Contra wouldn't exist. Dukakis would probally be elected in 1985, and in 1988. Banks wouldn't have bailed out, and interest charges would not be high as ever on homes, credit cards. I could have only imagine.
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In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
Call Senator Chris Dodd and show your support for his bill that will stop this shit from happening. He will limit the amount of Overdraft fees to 1 per month, 6 per year. Overdraft fees must be proportionate to the cost of processing an overdraft charge. His number is 202-224-2823. Call and show your support. Google Chris Dodd's overdraft legislation for more information. Pass this message on...post it wherever you can.
Come up north, we're friendly. :^)