Ally Ends Overdraft Fees: Why That's Important & Bank of America Hit with Injunction on California EDD Unemployment

<p><strong>Dedicated to the Memory of my Niece Ariya, who passed away last Sunday. She gives me the strength to fight for people every day, because she was such a fighter.</strong></p> <p><br></p> <p><strong>Today we talk about some big wins for consumers:</strong></p> <p><strong>First, Online bank </strong><a href="https://www.cnbc.com/2021/06/02/ally-bank-eliminates-overdraft-fees-for-all-customers.html"><strong>Ally announced last week that Overdraft Fees are going away</strong></a><strong>! They made the announcement and was met with widespread praise online.</strong></p> <p><strong>Of course,</strong><a href="https://en.wikipedia.org/wiki/Ally_Financial"><strong> Ally was once GMAC</strong></a><strong>, named after one of the biggest companies in the world, but I am not knocking it. What their people said about why they are doing this elimination of fees hit the right notes, and it will serve as a mandate for other big banks to follow suit hopefully. I talk about how although only about 20,000 customers of theirs overdrafted, and it likely didn't cost them much money to do this, it's still HUGE.</strong></p> <p><br></p> <p><strong>Plus we talk about a </strong><a href="https://www.latimes.com/california/story/2021-06-01/bank-of-america-ordered-to-unfreeze-unemployment-benefit-cards-in-california"><strong>federal judge in California slapping an injunction on BofA for California Unemployment EDD and how it's going to help 1000s of people access their money faster</strong></a><strong>. I discuss how the bank has used their fraud algorithm to screw over so many people and use it to avoid refunding fees as well. I also talk about a certain </strong><a href="https://ballotpedia.org/Bill_Halldin"><strong>employee speaking for Bank of America who has a SEVERE CONFLICT OF INTEREST in this story </strong></a><strong>and it seems like no one ever talks about it. I do...</strong></p> <p><br></p> <p><br></p> <p><br></p> <p><a href="https://linktr.ee/NotoriousBanker"><em><strong>All My Links HERE</strong></em></a></p> <p>