Waters Says ‘Megabanks’ Raked in Billions in Overdraft Fees During Pandemic

About This Source - Bloomberg Politics

Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg Politics:

  • Hong Kong’s Apple Daily Shuts Down Following Arrests
  • U.S. to Block Some Solar Goods Made in China’s Xinjiang Region
  • ‘Balance of Power’ Full Show (06/23/2021)
  • Bloomberg Politics published this video item, entitled “Waters Says ‘Megabanks’ Raked in Billions in Overdraft Fees During Pandemic” – below is their description.

    May.27 — House Financial Services Committee Chairwoman Maxine Waters rebuked Wall Street CEOs for charging overdraft penalties during the pandemic and contributing to “banking deserts” by shutting branches in underserved communities. She opened up a virtual hearing with six bank CEOs.

    Bloomberg Politics YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    Leave a Comment