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.
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.
> 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