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Banks need it /s (lemy.lol)

submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]

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Bluesky Post.

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[–] [email protected] 5 points 9 months ago (1 children)

Or even better, make banks immediately start treating any negative balance as a credit. There can be a low limit, but enforce a low interest rate. For all that banks have done to us, I feel like this is literally the least they can do—and shit, they’d still turn more profit.

[–] [email protected] 3 points 9 months ago

This is actually not a terrible idea. Though interest rates in general need to be capped on lines of credit of all varieties. The fact that 45% interest on a credit card is not being brought up on usury charges is insane.