Yesterday we told you that your friends at Citibank were jacking up their credit card interest rates because — well, because they could. Now WCBS reports that Citibank and other banks are raising out-of-network ATM fees to upwards of $3, overdraft fees to as much as $35, and raising minimum account balance requirements. We figured that when the banks collapsed and got bailed out they’d have to be nice to us peons for a change, but WCBS’ expert says, “The fewer choices consumers have, the more a sort of ‘gotcha’ the banks have.” Apparently these people are incorrigible, and not afraid of being hunted down in the street like mad dogs. But, then, our New Depression is young yet.
This article from the Village Voice Archive was posted on November 18, 2008