Capital One is Ditching Overdraft Fees (and $150 Million in Revenue)
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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