NBC's "Today" gave backhanded praise to Bank of America (BofA) on March 11 because of its decision to stop charging overdraft fees for debit-card transactions.
"This is clearly an effort by Bank of America to repair its battered image," senior investigative correspondent Lisa Myers said. "But it's also a meaningful step that will save consumers money and keep families from spending more than they have."
The NBC report maintained the media theme that such fees are "abusive" by including Leslie Parrish of the Center for Responsible Lending (CRL) who said, "We highly commend Bank of America for getting rid of this abusive practice." CRL is a liberal group funded by far-left wingers like George Soros and Herb and Marion Sandler, according to ActivistCash.
While Myers acknowledged that BofA was "getting ahead" of "new federal rules," she didn't warn viewers about the negative implications of that legislation.