> payday loan services and buy here pay here auto dealers are providing capital and transport to people that can't afford it and absolutely need it.

They're exploiting people that are alright struggling, for sure.

But transaction reordering is just on an entirely different level. You're taking someone who actually has money and then cooking the books to make it look like they didn't, and then charging them for it.

IMO, it should have been considered outright fraud. Banks should have been forced to reimburse all the fees they took, in addition to significant punitive damages. I wonder how many people got evicted because their bank reordered their paycheck to come after their rent check and groceries, and the multiple overdraft fees made them no longer have money for rent.

Did banks ever come up with a justification for reordering? Not that it would be a good one, of course.

I was a victim of that transaction reordering scam in college. It made BoA lose a [later financially successful] customer for life.