Why Big Banks Deserve to Get Slammed

The latest affront to the nation's big banks comes from Richard Cordray, head of the new Consumer Financial Protection Bureau, who said recently that he plans to investigate bank overdraft fees and perhaps issue new rules to rein in bank practices that could be misleading or even abusive. Banks have increasingly turned to such fees to help offset losses they've suffered through bad loans, poor investments, and new restrictions meant to limit risk-taking.

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