Banks are bad because they make a profit on things requested by their customers, according to both NBC and CBS. The two networks highlighted a study released June 11 by the Consumer Financial Protection Bureau [CFPB] that said banks made $12.6 billion in overdraft fees and non-sufficient funds from bounced checks in 2011. Though only 20 percent of customers actually opt-in for overdraft protection, NBC called these fees “one of the most common financial mistakes Americans make.”
Anchor Lester Holt opened the segment with alarmist, accusatory language: “A government report out today makes it clear just how much this country’s banks are profiting from your mistakes. We’re talking about those hefty overdraft charges when checking accounts are overdrawn. Well it turns out the banks are now making most of their fees from these penalties.”

