Repeat after me:"The only clients of a bank are its' shareholders"
Which is precisely why I switched to a credit union over a decade ago and don't plan on ever going back to a bank.
How Bank of America Gave Away My Money
201–210 of 261 posts
Re: How Bank of America Gave Away My Money
#202Earlier quoted context omitted.
Trouble is, this guy is a random citizen who doesn't know much about how the law works, and so it hasn't clicked who the correct plaintiff would be for his case. He'd probably get told who the right parties to lodge a complaint against, if there was any lawyer willing to talk to him for about 15 minutes, but the last half of the article is basically him being bounced all over California by legal professionals who won…
It's the technical mindset: the court order from Southern California is wrong, let's fix it!
Shouldn't this be the case though? Isn't that how the population /wants/ the problem to be fixed? Look at various TV BS court dramas where people behave in a way the population expects them to (versus what actually happens... and no, Phoenix Wright isn't an example since it's interactive).
Re: How Bank of America Gave Away My Money
#203Earlier quoted context omitted.
And then we look at the chairman of the committee, Jeb Hensarling, when the report was released: >A vocal critic of the Consumer Financial Protection Bureau (CFPB), he has received $183,400 from the payday lending industry since the beginning of 2013 (directly and through his political action committee), according to a report from the nonprofit Americans for Financial Reform. Why does Wikipedia mention his bribes fro…
How surprising. Not sure if that disproves the entire contents of the study done by the bi-partisan committee, but it's not adding any credibility. Which saddens me as there are legitimate problems in many of these regulatory agencies, but sadly the guys who fight against this stuff are often merely pawns for the interests of mega-corps. Rather than the interests of the general public and small/medium businesses owne…
The reason there aren't more regional banks is precisely because of all the regulations. I have represented numerous small banks over the last decade. Every single one of them has been sold to larger banks because they cannot compete due to the regulations, which require at least one, and more typically two compliance officers just to deal with the red tape created by the CFPB. These people don't contribute anything to the bottom line. The only way to become profitable is to get big enough that these compliance costs can be spread over more borrowers/account holders.
Re: How Bank of America Gave Away My Money
#204Bank of America – what is a SSN?
SSN = Social Security Number. Basically, an identification number used by US Citizens.
It has become a taxpayer ID number too. It's not just citizens. Every individual who is legally authorized to work has one. Every legal entity (like corporations) that has assets usually has one too.
Re: How Bank of America Gave Away My Money
#205Why isn't anyone questioning the LASD for fucking up a basic SSN comparison before requesting a fund-transfer from BoFA? Isn't this really the LASD's fault. Can't you sue the LASD for damages?
Re: How Bank of America Gave Away My Money
#206You need to hire a lawyer. It's not fair but that's how this is. This is going to haunt you forever -- not just this account! You have to do so ASAP and get this straightened out so you have the paperwork to prove it next time this happens. You also should write Consumer Reports Web site -- they'll love this story.
Re: How Bank of America Gave Away My Money
#207I don't get how BoA would pay when the SSN didn't match. But maybe the LASD didn't cite the SSN, but just the bank account that they had erroneously identified. But still, it's mind-boggling that they'd be so sloppy.
Exactly, the error is on LASD's end most likely. Whether he likes it or not he's going to have to get a lawyer to get this resolved.
Re: How Bank of America Gave Away My Money
#208Bank of America – what is a SSN?
An ~8 min history lesson.
"Social Security Cards Explained" - CGP Grey
Re: How Bank of America Gave Away My Money
#209Earlier quoted context omitted.
Almost all? Catholicism, Evangelical in general, Pentecostal, Lutheran, Baptist, etc. It's most assuredly not remotely mainstream. Note that the megachurches you're referring to are in most cases not part of a branch of Christianity but stand alone.
Okay, Catholicism. Fair enough. But I think you're wrong about every other denomination on your list. I've been to enough Baptist and Lutheran churches to feel justified in disagreement. The Presbyterians (including our president) feel much the same way. The simple fact is that God's blessing = economic prosperity is practically biblical. "May his tribe increase" and all that. Also I'm not OP and did not refer to meg…
"May his tribe increase" is from a poem about Abou ben Adhem, IIRC. Not from the Bible... https://m.poemhunter.com/poem/abou-ben-adhem/
Re: How Bank of America Gave Away My Money
#210The error was committed by the LASD, their response here is wrong: A few minutes later, she came back with the bad news. “Why didn’t you call earlier? It’s too late for us to withdraw the request. The money was already sent to the court! You need to go down to the courthouse and ask them to show you the court documents.” It is not his problem what they did with the money, they took it from him plain and simple. The e…
Your anecdote about inter-carrier billing is a good one. It reminds me of a position one of my best friends takes on "identity theft." He asserts it simply doesn't exist. What bank's call identity theft most of the world calls "Bank Fraud." The banks don't want to eat it - so they lobby congress to pass laws making it your fault if a bad person tricks the bank. tl;dr: Similar to how banks try to make identity theft y…
Exactly: While "identify theft" is worth keeping around to refer to a kind of criminality, at least 90% of the time the real problem is institutions which fail their due-diligence.
Then they deny their negligent role and try to unjustly shift the cost onto their customers. What we actually need (as a society) is better backpressure on this kind of stuff, so that the institutions and processes actually improve at the weak point.