Think about all the stories of recent months on bank overdraft charges. The discussion of course has been that banks are gouging consumers and the little guy must be protected. How terrible what the banks are doing, why, its almost criminal!!
Hmm. I seem to recall that writing a check when you don't have enough money IS a crime. A real one that you can go to jail for in every state.
What world is this where writing a hot check is some sort of badge of honor? You pass bad paper, a type of theft, and it's someone else's fault....or maybe just following an example set in Washington.
(In the interest of full disclosure the company I work for is owned by a bank. I am also a former, but long-since-reformed, writer of hot checks.)
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