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The days of harmful overdraft fees are slowly disappearing – a long-sought victory for consumers everywhere! That’s right, financial institutions are increasingly referring their members and customers to funding alternatives like healthier, growth-oriented small-dollar loans or installment loan programs, according to The New York Times earlier this year.

“The changes over the past two years are both large and positive for consumers,” according to Pew Charitable Trust’s Alex Horowitz. This overdue development provides a sense of financial relief for millions of consumers, particularly for low-income and credit-marginalized communities.

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