![Book cover for "Harnessing Technology for Inclusive Prosperity: Growth, Work, and Inequality in the Digital Era"](https://www.brookings.edu/wp-content/uploads/2024/06/harnessing-technology-for-inclusive-prosperity.jpg?quality=75&w=315)
![Book cover for "Harnessing Technology for Inclusive Prosperity: Growth, Work, and Inequality in the Digital Era"](https://www.brookings.edu/wp-content/uploads/2024/06/harnessing-technology-for-inclusive-prosperity.jpg?quality=75&w=315)
1:00 pm EDT - 2:00 pm EDT
Past Event
Bank overdraft fees have been on the rise for many years as income volatility rises and more Americans live paycheck-to-paycheck. Federal bank regulators have done little to help American families, failing to speed up America’s payment system to address one of the many root causes of overdrafts (slow deposit times) while giving a thumbs-up to banks who choose to increase profits at the expense of those living on the financial edge. A few banks and financial technology firms are choosing a different path, creating new products designed to help consumers avoid overdraft, attacking the problem of why it is so expensive to be poor.
On July 15, Brookings engaged in an in-depth conversation with these banks, financial technology firms, and consumer advocates to explore alternatives to overdraft. Industry and consumer voices analyzed whether new technology and products can meet people’s needs for financial flexibility in a more fair and efficient manner.
Viewers submitted questions for speakers by emailing [email protected] or via Twitter using #Overdraft.
Moderator
Panelist
Brahima Sangafowa Coulibaly, Zia Qureshi
August 1, 2024
Niam Yaraghi, Azizi A. Seixas, Ferdinand Zizi
June 26, 2024
Tom Wheeler
June 24, 2024