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submitted 5 months ago* (last edited 5 months ago) by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[-] TheFriar@lemm.ee 9 points 5 months ago

Or even better, make banks immediately start treating any negative balance as a credit. There can be a low limit, but enforce a low interest rate. For all that banks have done to us, I feel like this is literally the least they can do—and shit, they’d still turn more profit.

[-] Adalast@lemmy.world 3 points 5 months ago

This is actually not a terrible idea. Though interest rates in general need to be capped on lines of credit of all varieties. The fact that 45% interest on a credit card is not being brought up on usury charges is insane.

this post was submitted on 25 Jan 2024
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