Capital One is Ditching Overdraft Fees (and $150 Million in Revenue)
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
It's not every day that the takeaway from a story is that a banker has done objective, uncontroversial good for the world. That day has come.
On Wednesday, Capital One announced it's eliminating overdraft banking fees, making it the largest US bank to end a practice that disproportionately impacts people trying to make ends meet. In the process, Capital One will surrender about $150 million in annual revenue.
Source Fool.com
