re: #3 Bob Levin

You’ve been told that the 1% make money off of the other 1%. I just read that somewhere.

Fact is, banks have been losing customers to loan sharks, and those folks can’t get out of debt. Most of those products are closer to helping with money management.

It would be nice to compare rates between these two sets of products, instead of the author simply asserting the fees are high, which is a relative term, and leads to the question of ‘compared to what?’

not quite the point though. one would expect a bank to be held to a somewhat higher standard than, say, a retailer like walmart. A bank instills a certain trust which the discount store around the corner generally does not.