Wow, Bank of America is getting rid of its overdraft fees on debit cards. This is how little I trust commercial banks: I'm sure there's a rub. I'm sure they've found a secret, special way to screw customers that live paycheck to paycheck, and this is all just a P.R. campaign to obscure that. But maybe not. Maybe this is how they're going to be competitive. Instead of overdrafting your account when you use your debit card and don't have money, the plan is to have your card denied, which the vast majority of people would prefer, I'm sure. If this is what it purports to be, then it's such great news. Overdraft fees are a pernicious form of usury, a real human rights abuse. G.D. explains:
