Eliminating payday loans and overdraft fees for 2.5MM employees, with Matt Kopko of DailyPay
The Fintech Blueprint
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Is Overdraft a Silent Killer?
The overdraft industry is as large or bigger than the payday loan industry. Depending on the estimate, it's anywhere from ten to 30 billion dollars a year in overdraft fees to banks. Vulnerable communities and low income communities tend to be heavily concentrated in overgraph reliance. So i'm very excited when i see four out of five people sentul being able to say, i'm cured of the predatory cycle of debt because of daily pay.
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