Yep. Around 2014 I was absolutely ruined by exactly this, and ended up having to drop out of college about it. Never did finish my degree. Over about half a year trying to get my finances back in order while being slammed with overdraft fee after overdraft fee after overdraft fee, I ended up """"owing"""" Suntrust Bank something to the tune of like $1200 that they pulled out of their asses by reordering items. Meanwhile I'm overdrafting my account by $8 to get some ramen packs that I could eat for the next 2 weeks, knowing damn well this $8 case of maruchan ramen is going to end up costing me $43 after the overdraft fee. Legitimately the closest I've ever been to just killing myself to escape the grind.
They're fucking lucky that all I did was settle up and close my account the following year, because they deserve arson, and I know some people that would have been more tempted to that than I was.
I would argue that Texas has already done enough to be stripped of control permanently.