David Adefeso shared a video on his social media account that has fans in awe. Check it out below.
‘Ally Financial must have seen our episode of #WealthDemystified cautioning new customers from signing up with banks that are fee hungry. Ally recently announced that they’re eliminating their $25 dollar overdraft fees,’ David began his post.
He also said that ‘Last year, banks collected over 12 billion in overdraft fees from low-income Americans. Ninety-five percent of the overdraft fees consumers paid in 2020—$11.8 billion—were charged to people described as financially vulnerable and financially coping.’
 
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A post shared by David Adefeso (@david.adefeso)
David said: ‘These households are defined by their struggle to spend, save, borrow and plan— and additionally see precious income being lost to fees collected by check cashers, pawn shops & payday lenders. Ally’s announcement is a great first step. However, more needs to be done to protect and attract lower to middle-income consumers to the banking sector.
Someone said: ‘Finally👏👏!! Hopefully the rest of the banks follow suit,’ and a commenter posted this: ‘I only had Ally for my car note (it’s paid off) but they are a great financial institution. 👍🏾’
A fan said: ‘thank you for all that you are doing for us!’
In other recent news, David Adefeso is proud to present his fans and followers with a recent achievement. Check out the post that he shared on his social media account below.
‘On May 27, @sootchyapp had the great honour of being presented with a Certificate of Appreciation by the Capital City Lighthouse Academy @lhaarkansas, Parental and Student Engagement Coordinator— Mrs. Vicki Williams. This Sootchy activation took place at Lighthouse Academy’s Air Force base,’ David wrote.
Also, David Adefeso shared a post for Memorial Day that left fans in awe. Some people told him that he would make a great TV show host. Stay tuned for more news.

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