Is it possible, still profitable, for banks to not charge fees like account maintenance and atm? feels like the institution needs further regulation or major changes. I put money, you profit from using my money on investments, lending it – period. yeah ATM so convenient, but we shouldn’t be paying additional for it since the company’s coursing entire payroll through the bank benefited from it already.
Statistics show this is either going to burn and kill itself because they end up giving loans to people who can’t afford them which is what happens when you try and prioritize lower-income people, or it’s gonna end up being just like any other bank. That’s what happened during the last big housing crisis. Banks everywhere gave loans to way too many people who couldn’t afford it.
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