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A comment on Bank Underground, the blog written by Bank of England staff. Parent comment

Re:Bank Underground, the blog written by Bank of England staff by peteretep on Thursday May 05, 2016 @10:17AM (#11636271)
Having personally had a £10 unarranged overdraft turn in to over £200 of fines, the idea that UK banks get off the hook is ludicrous. They've been forced to tone it down now.
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Re:Bank Underground, the blog written by Bank of England staff by spicerguy on Thursday May 05, 2016 @10:54AM (#11636604)
Yes, I've been stung with these sort of charges myself in the past here in the UK - the banking code has cleaned up this practice a bit in more recent times; however I think it's fair to say there's a material difference between being stung for £200 and having your house being ripped from under you by sharp banking practice. I recommend watching the film "99 homes" - it's not a perfect film by any means but illustrates many of the coal face issues of mortgage repossession in the US.
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Re:Bank Underground, the blog written by Bank of England staff by peteretep on Thursday May 05, 2016 @11:03AM (#11636698) 

    > however I think it's fair to say there's a material
    > difference between being stung for £200 and having
    > your house being ripped from under you by sharp
    > banking practice
The difference is solely in scale.
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Re:Bank Underground, the blog written by Bank of England staff by spicerguy on Thursday May 05, 2016 @11:58AM (#11637216)
yes, and scale is a material difference.
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