Banks say this is not simply a new way to squeeze profits from unsuspecting customers

Veronica Gutierrez never asked Wells Fargo to act like her mother. The banking colossus just did it anyway. Here's what happened. She bought some sandwiches at Subway for $11.27. Then she purchased car parts at Autozone and went grocery shopping. Twelve transactions into the billing cycle, she wrote a check for $65. It overdrew her account, which should have cost her an overdraft fee of $22. But Wells Fargo didn't order Veronica's purchases chronologically. Rather, it took the liberty of...Full Story
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