Big banks have had a rough several years. They, you know, participated wholeheartedly in the near-vaporization of the global economy. They have to make up those losses somehow. Fees are the answer to everything! Do you know how much your bank is charging you, for nothing?
A new report out from the Consumer Financial Protection Bureau today takes a look at bank fees, and how they are, by and large, ridiculous examples of extortion. (Banks know that you know this, which is why their fees have been getting everstealthier.) Since consumer outrage killed the whole "debit card fee" idea a couple of years ago, banks are now turning to overdraft fees to fill their hungry coffers. And naturally, big banks are screwing their customers much worse than smaller banks.
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