Wal-Mart banks, overdraft security, and customer rationality

Wal-Mart banks, overdraft security, and customer rationality

The Wall Street Journal has a story that is fascinating the leading page in regards to the operations of banking institutions positioned inside Wal-Mart— but not actually given that the reporters believe that it is interesting. The authors believe it is interesting simply because they view it as exposing nefarious methods by these banking institutions, which create large overdraft security costs and (it really is implied) exploit consumers. In reality, the story that is real precisely the opposite–it is compelling proof of just how consumers utilize alternate credit services and products, and We suspect, compelling proof of the unintended effects of federal government regulation of credit rating services and products. See improvement below.

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