Consumer groups have argued that this has resulted in bank accounts being paid for by peoplewhomakemistakes and go overdrawn, many of whom are the least well-off and the least well-informed customers.
It is not immediately apparent that we want to cede control over their decisions to other peoplewho will also make all sorts of mistakes and continue to believe all sorts of silly things based on incomplete information and flawed models of how the world works.
There are many peoplewho made big mistakes and many regulators who made mistakes, so we need to figure out what those were and make sure they don't happen again.