I didn’t read the article, but I can chime in with this little anecdote.

I had a friend who took those stupid expensive payday loans forever. I told him I’d pay it if he swore to never take one again. I paid it, he stopped taking the loans.

Later he discovered that near the end of the month he could take 200 bucks out of the ATM and overdraft his account for 35 bucks and as soon as his check deposited he was in the clear. He literally survived like that forever. He was disabled, fell from a roof and shattered his legs. He didn’t have much money. It would have been better if he had been able to get ahead, but he couldn’t. The bank gave him 30 days to get his account in order.

I would imagine she goes on about that kind of thing in the article. It could actually be better for poor people who survive that way if the fees are capped, but I would imagine that the banks will find a way to make their money anyway. I’d say some people are worried that accounts that don’t have a lot of money just won’t be allowed to overdraft anymore, but I doubt that. Banks currently make a lot of money making poor people poorer, that’s for sure.