“Overdraft fees are a pain point for many consumers but are particularly onerous for some,” Ally (ALLY) Financial CEO Jeffrey Brown said in a press release. “It is time to end them,” he said.Overdraft fees bring in big money for banks — about $12.4 billion in 2020, according to FinHealth, a data analytics company. Some banks have been experimenting with eliminating overdraft fees, particularly during the Covid-19 pandemic, but Ally has made its temporary ban permanent.Ally, an online-only bank that