How Bank of America Gave Away My Money • Hacker News Board

Re: How Bank of America Gave Away My Money

#231

Post by pbarnes_1 » Thu, Apr 06, 2017, 8:32 PM UTC

wyldfire wrote: post #126

instaheat wrote: post #115

I know how to handle these dumb fucks. (I had a Mortgage with them, that makes me an expert) I had a problem with them coughing up an escrow refund check, although there is much more to the story that would have most of you boiling. I filed complaints with a total of 3 agencies and received my check via FedEx Priority overnight not long after. Suck it, BofA. * Filed complaint with CFPB * Filed with Texas State Attorn…

CFPB was just called out [1, 2] by Rep. Jeb Hensarling as unaccountable and a "rogue agency". The head of CFPB responded in an interview this morning [3]. Mr. Jiang, you'd better get your complaint in now before they're disbanded! [1] http://www.npr.org/2017/04/05/522756745/head-of-consumer-fin... [2] http://www.npr.org/2017/02/24/516983751/rep-jeb-hensarling-c... [3] http://www.npr.org/2017/04/06/522826544/consumer-…

It's only "rogue" because it actually helps people.

Re: How Bank of America Gave Away My Money

#232

Post by pbarnes_1 » Thu, Apr 06, 2017, 8:33 PM UTC

dmix wrote: post #135

wyldfire wrote: post #126

Earlier quoted context omitted.

CFPB was just called out [1, 2] by Rep. Jeb Hensarling as unaccountable and a "rogue agency". The head of CFPB responded in an interview this morning [3]. Mr. Jiang, you'd better get your complaint in now before they're disbanded! [1] http://www.npr.org/2017/04/05/522756745/head-of-consumer-fin... [2] http://www.npr.org/2017/02/24/516983751/rep-jeb-hensarling-c... [3] http://www.npr.org/2017/04/06/522826544/consumer-…

It says they want to replace the head guy and restructure the agency. This is why: > A 2013 press release from the House Services Committee (HSC) criticized the CFPB for what was described as a "radical structure" that "is controlled by a single individual who cannot be fired for poor performance and who exercises sole control over the agency, its hiring and its budget." Moreover, the HSC alleged a lack of financial…

You're spouting bullsh*t.

Re: How Bank of America Gave Away My Money

#233

Post by pbarnes_1 » Thu, Apr 06, 2017, 8:34 PM UTC

nickthemagicman wrote: post #151

dmix wrote: post #135

Earlier quoted context omitted.

It says they want to replace the head guy and restructure the agency. This is why: > A 2013 press release from the House Services Committee (HSC) criticized the CFPB for what was described as a "radical structure" that "is controlled by a single individual who cannot be fired for poor performance and who exercises sole control over the agency, its hiring and its budget." Moreover, the HSC alleged a lack of financial…

These "issues" are all bullshit. It's a presidential appointed position like secretary of state of course it's got no accountability to congress. Lack of financial transparency? Vague and propogandish. Excessive travel costs? Vague and propogandish. Expensive renovation of headquarters more than GSA? (Insert random agency that it cost more than here.). THE GSA SAID THE COSTS WERE IN LINE WITH OTHER RENOVATION PROJECT…

I tried to upvote you here but it's not possible.

Re: How Bank of America Gave Away My Money

#234

Post by externalities88 » Thu, Apr 06, 2017, 8:46 PM UTC

liber8 wrote: post #203

dmix wrote: post #158

Earlier quoted context omitted.

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…

Shocked, SHOCKED, that small government, limited regulation Republicans in control of Congress for the last 7 years haven't been all over improving competition in the banking sector.

Re: How Bank of America Gave Away My Money

#235

Post by Arizhel » Thu, Apr 06, 2017, 8:53 PM UTC

pasquinelli wrote: post #189

Arizhel wrote: post #143

Earlier quoted context omitted.

It's not just Republicans, it's all the Christians they're in league with, and who vote for them. The philosophy you describe is modern Christian theology. It's called "Prosperity Doctrine", and basically boils down to "God rewards those he loves the most", so rich people are better people than the rest of us because obviously God loves them more and has bestowed gifts of wealth upon them. Go into any American megach…

You are painting Christianity, even just modern American christianity, with a very very broad brush, but there is a connection between prosperity theology and predatory capitalism. But I think it's mostly that prosperity theology is the expression of predatory capitalism in the domain of religion.

Yeah, I wish I could edit that post to specify American Christianity, and exclude Catholicism.

Re: How Bank of America Gave Away My Money

#236

Post by darkmirage » Thu, Apr 06, 2017, 8:58 PM UTC

I wrote the blog post. It turns out writing a blog post works better than talking to the bank beyond simple catharsis. Just got a call from someone from Bank of America's social media team who credited the money back to my account. Thanks for all the suggestions here!

Re: How Bank of America Gave Away My Money

#237

Post by instaheat » Thu, Apr 06, 2017, 9:20 PM UTC

amorphid wrote: post #218

instaheat wrote: post #115

I know how to handle these dumb fucks. (I had a Mortgage with them, that makes me an expert) I had a problem with them coughing up an escrow refund check, although there is much more to the story that would have most of you boiling. I filed complaints with a total of 3 agencies and received my check via FedEx Priority overnight not long after. Suck it, BofA. * Filed complaint with CFPB * Filed with Texas State Attorn…

The CFPB is pretty awesome. I will try that next time I need to resolve something. Here's a trick I have used in the past to deal with a large USA financial company... - call corporate Headquarters - Ask for the Chairman of the Board's office - When they ask why, just say you only need to leave a message with their executive assistant - when you get the EA on the line, say you'd like to complain, and have made a good…

Submit to all 3. That is what worked for me. (That is, if you are dealing with a Financial institution.)

Re: How Bank of America Gave Away My Money

#238

Post by cestith » Thu, Apr 06, 2017, 9:24 PM UTC

jumpkickhit wrote: post #197

ryandrake wrote: post #108

Earlier quoted context omitted.

Most people don't have lawyers to call. The last 1/3 of his story was about him calling lawyers trying to find one who would talk to him. If someone told me to call my lawyer I wouldn't know what to do. I don't have a lawyer. I don't know people who "have lawyers" or can recommend one. I met a lawyer once, I think, when I bought my previous house. I'd probably search online for "Lawyers in San Francisco" and pick one…

In the article, the amount taken was $3,400. A lawyer to fight this costs a lot more than that. Also, there's another issue. What if that was his entire savings? Now he has $0 for a lawyer.

So hire a heavy hitter on contingency. IANAL.

Sue the bank for the $3400 plus legal costs, fees associated with the loss of fluid assets, punitive charges, and mental anguish. This is a tens of thousands of dollars ask.

Sue the LASD and the LA county court for violations of the fourth, fifth, and sixth amendments. There was no due process against OP. OP's property was seized without warrant, trial, or even suspicion against OP. The OP had no access to trial or to legal representation but was separated from belongings. This is a multiple hundreds of thousands ask.

Someone will surely notice the wrong of $3400 plus legal costs and some interest and fees and settle before the tens and hundreds of thousands get in front of a judge.

Re: How Bank of America Gave Away My Money

#239

Post by lacampbell » Thu, Apr 06, 2017, 9:42 PM UTC

metaphorm wrote: post #230

lacampbell wrote: post #228

Earlier quoted context omitted.

I'm going to go ahead and ignore something so incredibly biased that it places Barack Obama and Joseph Stalin on the "far right". That's la-la land extremist.

it puts Obama on "the right" and Stalin on "the extreme right". that sounds correct to me. you should actually read it and think about why it is constructed that way. if your first reaction to seeing a perspective you're unfamiliar with is "that's la-la land extremist" then you might have a bias problem.

What makes you think I'm not familiar with the far left perspective? I'm very familiar with it.

If you think putting communist dictator Joseph Stalin on the extreme right means you have a nuanced, holistic view of the left-right spectrum then yes, you're a moonbat extremist. You'll note that right wing extremists will do a similar trick, and claim Hitler was a leftist.

Re: How Bank of America Gave Away My Money

#240

Post by fictioncircle » Thu, Apr 06, 2017, 9:57 PM UTC

liber8 wrote: post #222

fictioncircle wrote: post #220

Earlier quoted context omitted.

> 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 have 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 anythi…

There's no question the CFPB has helped some consumers resolve disputes. The parent's complaint was about the death of small banks. That has been caused directly by the cost to comply with new regulations.

Banks (including small banks) frequently make errors that they stubbornly resist resolving without a gun to their head. Hence, the regulation that kills many of them.

If they were capable of self-regulating to a reasonable degree, the political pressure to create those regulations never would have existed. If you can't afford to fix your mistakes, you shouldn't be in business in the first place.

That is the fatal flaw in many of these anti-regulation arguments. Self-regulation doesn't exist in capitalism outside of the court system and you can't expect poor people to afford to fight in court every time there is a problem.