mr. kundert? >> yes, i do. >> okay, mr. sueiro? >> yes. >> okay. so, now, that's great, you all agree on that. do you think those protections should include common sense limits on the number of overdrafts that are allowed per month? improve transparency, so people understand what's happening? banning banks from reordering transactions to maximize the number of overdraft fees for people? let's start with you, mr. greer. >> yes, i think it would. >> let's just go down, miss hicks, mr. sueiro? >> yes. >> mr. sueiro? >> yes, it depends on what that looks like. we agreed that some people definitely want overdraft protection. but yes, we agree with that. >> so, that's exactly what my bill does. but it allows people, if they want to have the overdraft protection, to opt in. that's one of the requirements of the bill, that people be notified. that, if you want this protection, you opt in. but too often, i hear from my constituents that they bought a loaf of bread, $35, a cup of coffee, $35. a newspaper, $35. and some, at the end of the weekend, because the

mr. sueiro: yes. and the fbi see report from 2019, there are three answers on banked people gave and were associated with cost when he came to barriers for gaining entry into the financial system. another report from the center for responsible lending found that one million people roughly were left out of the banking system as a result of overdraft fees. and we have seen a lot of research showing that the high cost of banking generally is an impediment for low-income people and latinos gaining access to the financial system. >> is fair to say that when it comes to credit, there is a tale of two americans, those with high incomes and those with low incomes in places like the south bronx have often no choice but to pursue defective credit through overdraft which carries a fee that is five times the federal minimum wage. ms. hicks, you spoke about the closing of accounts leading to the blacklisting of the lowest-income americans. can you elaborate? ms. hicks: when you are put into a cycle of overdraft fe

mr. kundert: yes. mr. sueiro: yes. representative: great, you all agree on that. you think those protections should include commonsense limits on the number of overdrafts allowed and improve transparency so people understand what is happening, and banning banks from reordering transactions to maximize the number of overdraft fees for people? mr. greer: yes. ms. hicks: yes. mr. sueiro: yes, it depends on what that looks like and we agree that some people definitely will want overdraft protection. but yes, we agree. representative: that is exactly what my bill does. but it allows people if they want to have the overdraft protection, to opt in. that is one of the requirements of the bill, that people be notified that if you want this protection, you opt in. but too often, i hear from constituents that they bought a loaf of bread, $35. a cup of coffee, 30 five dollars. a newspaper, $35. and some come at the end of the weekend, because they didn't know that they overdraft, will have to hundred dollars in fees. that is unfair and deceptive and extremely hard on the most