cash cow :
- n a project that generates a continuous flow of money
News & Articles
- 4 Reasons Excessive Overdraft Fees Just Won’t Go Away
Despite regulatory reform aimed at reining in checking account overdraft fees, the penalty is still a cash cow for banks — to the tune of about $31 billion a year. That’s down from $37 billion in 2009, but a new report from the Consumer Financial Protection Bureau makes clear the number ought to be far lower. Why? Because customers who opt into so-called overdraft protection plans — which are ...
June 13, 2013 - The Curious Capitalist