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feld (feld@bikeshed.party)'s status on Thursday, 25-Jan-2024 04:02:26 JSTfeld The banks can't pay back this loan unless the Fed cuts interest rates so they don't have to pay out as much to depositors. And the recent move to limit overdraft fees to $3 is going to cut billions of revenue out of the banking system too.
https://www.nerdwallet.com/article/banking/cfpb-enormous-savings-for-americans-by-limiting-overdraft-fees