Payday Pundit

From a Texas blog:

I have to ask, are the poor going to be offered low rates like the rich? Are they going to be offered overdraft protection? Are they going to be paid interest on their checking accounts? Probably not.

I think it far more likely these accounts will turn out to be like the credit cards offered to the poorer families, that charge higher rates and higher penalties. The banks are just starting to realize what the credit card companies already know — the poor are easy targets for exorbitant profits.

I hope I’m wrong about all this, but I doubt it.