vividraven79 said:The banks are just a massive pain in the ass... they do whatever they feel like. Sometimes I honestly get the sense they go out of their way to ignore what the Federal Reserve says, just to prove they can... if the Federal Reserve demanded they stop allowing overdrafts, a bank would probably just leave them right where they are
Federal Reserve oversight is a joke. They act like we don't see through them.
They accomplish nothing, sitting in that building dreaming about landing a cushy job at the Federal Reserve.
Their supervision is nonexistent. It is telling that on Open, they are pushing Androvic and Sosica—who isn't even the Vice Chair in charge of supervision.
Instead of actually fining these banks, they are pivoting to social responsibility nonsense.
I wish everyone would just switch to Revolut.