By Ryan Chittum Colombia Journalism ReviewIt’s The New York Times turn to do a nice story on “overdraft protection” practices.
The Journal had one yesterday and the Washington Post did this weekend. Today, Felix Salmon of Reuters picks up the ball and advances it, too......
....the Times has some very interesting stuff here. The argument for allowing banks like Citigroup and Bank of America to get so inordinately huge is that they become more “efficient,” lowering costs for consumers. Tell that to their customers getting slapped with overdrafts (emphasis mine):
