Recent law allowed banks to obscure scheduled payment reports, inflate reported “available balances” by the amounts of scheduled payments , sit on scheduled payments, manipulate posting of scheduled payments to deliberately maximize exorbitant overdraft fees & bank income. Customers are in effect DUPED into spending more than they can afford by the inflated reported available balance.. Once these fees begin, they perpetuate decreasing the customer’s income which is confiscated by the bank. This harms everyone but especially the unemployed, disabled and senior citizens on Social Security. It is legalized embezzlement!
This Petition is calling for the reversal of this unfair , dishonest, and dangerous
Legislation.
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