Waters Says 'Megabanks' Raked in Billions in Overdraft Fees During Pandemic

Waters Says 'Megabanks' Raked in Billions in Overdraft Fees During Pandemic

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the oversight of mega banks, focusing on their response to the pandemic, including mortgage forbearance and PPP loans. Concerns are raised about overdraft fees and the prioritization of wealthier clients. The impact of bank closures on underserved communities is highlighted, along with the banks' commitments to addressing racial injustice and supporting minority communities.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways have mega banks contributed to the issue of banking deserts?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions are expected from the CEOs of mega banks to address racial disparities in the banking system?

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OFF