Overdraft Fees Enrich Banks, and the Biden Administration Wants Less of That - WSJ

“What I’ve been telling bankers is, ‘Do the right thing,’ because you want your reliance to be on revenues you feel good about,” he said in an interview. “And this is part of the problem with traditional overdrafts. It’s quote-unquote legal but it hurts people.”

This is a direct quote from the Acting Comptroller of the Currency.

Does this dude have any idea how banks generate profit?