"Overdrawn!" - A documentary about overdraft fees and predatory lending

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.

www.overdrawnmovie.net

Category:

Entertainment

Tags:

• trailer
• documentary
• nader
• banking
• banks
• congress
• maloney
• overdraft
• fees
• wells
• fargo
• overdrawn
• consumer
• bakan

[TheSpoom]

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.

Come up north, we're friendly. :^)

[ArtsySiridean]

Man, I wish I was able to tell my story about how I've been getting screwed by overdraft fees.

[maganaonline]

I don't understand. Why are people mad at the bank, and blaming the bank for overdraft fees? You don't have to pay overdraft fees.. it's simple... DON'T SPEND MORE MONEY THAN YOU HAVE! It's called personal responsibility people!

[greatsea]

I remember when I first discovered that banks allow purchases w/no funds. It was one of those "process large items first" then a string of smaller items. Total fees was 300+ for bout $25 worth of small purchases: gum burger coffee paper soda etc. I ended up telling off one of the bankers and left the bank for a local one that has since been bought out by the one I left. The most insidious part about this is that it is crafted specifically to exploit those who are least able to afford it.

[jb0177]

There is no accountability anymore...

That is why this country is fucked up.

You overdraft, it's YOUR FAULT

[wengl007]

It seems to me that big banks subscribe to the notion that greed is good and Wells Fargo is one of those big banks.

[Watcher3223]

@wengl007

What about Bank of America? A lot of big banks can have problems with unethical actions that disregard the welfare of their customers.

Perhaps that is symptomatic of a problem of becoming so big that your focus on customer service becomes lost as you become less and less reliant on serving individuals to stay in business.

[wengl007]

Want to really be screwed? Wells Fargo is the bank for that.

[ToxicOdiousOne]

They should call the police everytime a check bounces. Call it check fraud an arrestable offense. Writing checks they cannot cash with intent to decieve.

[Lonsoleil]

Yeah, the banks are screwing us in the rear with no astroglide.

Nowadays, a lot of banks are clearing debits BEFORE credits after you make a deposit on the very same business day. This practice makes absolutely no sense unless it's done PURPOSELY by the banks to bring in extra cash.

Clearing debits before deposits is clearly a "set-up" by the banks to drain you of cash when you've done nothing wrong.

I'm definitely going to be watching this documentary!

[paulinab1027]

here is a link to every state's small claims court - you have to retype this into a browser with LAW . FREEADVICE . COM / RESOURCES / SMALLCLAIMSCOURTS . HTM

[paulinab1027]

tell everyone you know about this