Wells Fargo to pay $3.7B for mistreating customers • Hacker News Board

Re: Wells Fargo to pay $3.7B for mistreating customers

#451

Post by dang » Wed, Dec 21, 2022, 9:30 PM UTC

klyrs wrote: post #247

tourist2d wrote: post #182

Earlier quoted context omitted.

So it's better to teach children what targets they should rape/murder instead? Your take is quite brain-dead.

I agree, your interpretation of what I'm saying is pretty vapid.

Would you please stop posting flamebait and/or unsubstantive comments, including ideological battle comments? You've been doing this repeatedly, unfortunately. It's not what this site is for, and destroys what it is for.

If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it. Note this one:

"Don't feed egregious comments by replying; flag them instead."

https://news.ycombinator.com/newsguidelines.html

Re: Wells Fargo to pay $3.7B for mistreating customers

#452

Post by dang » Wed, Dec 21, 2022, 9:32 PM UTC

tourist2d wrote: post #182

klyrs wrote: post #123

Earlier quoted context omitted.

Quoted post unavailable.

So it's better to teach children what targets they should rape/murder instead? Your take is quite brain-dead.

Would you please stop posting flamebait and/or unsubstantive comments, including name-calling and swipes? You've been doing these things repeatedly, unfortunately. It's not what this site is for, and destroys what it is for.

If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it. Note this one:

"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something."

https://news.ycombinator.com/newsguidelines.html

Re: Wells Fargo to pay $3.7B for mistreating customers

#453

Post by oneoff786 » Wed, Dec 21, 2022, 10:56 PM UTC

thrower_away wrote: post #448

oneoff786 wrote: post #102

Earlier quoted context omitted.

While police violence is a problem, this comment is wildly off base.

I don't think it's wildly off base: https://www.youtube.com/watch?v=IS-RWsl7l5c

This is a noteworthy outlier that received significant criticism. It is not normative. And while pepper spray is non trivial, it is a far cry from:

> happily beat you up, run you over, or shoot and kill you for disruptive protests.

Re: Wells Fargo to pay $3.7B for mistreating customers

#454

Post by dghlsakjg » Wed, Dec 21, 2022, 11:22 PM UTC

PascLeRasc wrote: post #235

dghlsakjg wrote: post #141

Earlier quoted context omitted.

My oldest credit file is a credit card that I don't use anymore but it is owned by WF. If I close it, my credit score is negatively impacted by losing a decades old credit line. I don't particularly care about my credit score, and this sort of lock-in is pretty low friction, but changing banks can have costs. I hate them, over the years that I banked with them, they have consistently been a bad bank. I think I have a…

The idea that closing your oldest credit line immediately puts you out on the street penniless is a redditism that's been parroted too much. That old account closed in good standing will continue to support your credit score, and if you have another credit card that's been open for a few years, the score hit will be 10-15 points. You shouldn't feel like you're trapped with Wells forever.

I get that, and like I said I genuinely don't care that much about my credit score.

I'm just trying to give a real world example of why someone might keep doing business with a known unethical entity.

It comes down to: I know that they suck, but there is a real non-zero cost to switching (my time and credit score), while continuing to do business with them is free.

Re: Wells Fargo to pay $3.7B for mistreating customers

#455

Post by dghlsakjg » Wed, Dec 21, 2022, 11:28 PM UTC

ct0 wrote: post #335

dghlsakjg wrote: post #141

Earlier quoted context omitted.

My oldest credit file is a credit card that I don't use anymore but it is owned by WF. If I close it, my credit score is negatively impacted by losing a decades old credit line. I don't particularly care about my credit score, and this sort of lock-in is pretty low friction, but changing banks can have costs. I hate them, over the years that I banked with them, they have consistently been a bad bank. I think I have a…

Can you tell me about your experience with the CFPB. I just submitted a complaint against "Cardmember Services" who is the defacto disputing group on behalf of many banks. Cardmember Services does not seem to be acting in good faith which prompted my complaint.

I have nothing but good things to say.

In my experience, just getting the CFPB involved generally lit a fire under the ass of whichever company I had been dealing with. At the very least it will escalate your problem to a tier of support where a single person will be responsible for deeply understanding the issue, and ensuring that they get into compliance or respond ASAP.

Re: Wells Fargo to pay $3.7B for mistreating customers

#456

Post by jliptzin » Thu, Dec 22, 2022, 5:50 AM UTC

esoterica wrote: post #442

jliptzin wrote: post #410

Earlier quoted context omitted.

The point is to pick a boring business where it’s easy to become #1 in a market based on current competition, clientele, skills, etc. In the corporate world you are still trading your time for money. When you own a business you decide what and how much you want to do, up to and including nothing at all while still making an income. Boring businesses make it easy to hire people to do the stuff you don’t want to.

There’s no such thing as a business that’s both lucrative and trivial. To the extent that you need finesse, hard work and luck to build a successful business, the same combination of finesse, hard work and luck could land you an equally or more lucrative corporate job. You can also make passive income by investing your large corporate salary and earn extra income without working. There’s no such thing truly passive,…

Not true. You hire a CEO if you really don’t want to do anything. And it is a lot of work but usually nothing that difficult for straightforward businesses.

Re: Wells Fargo to pay $3.7B for mistreating customers

#457

Post by geraldwhen » Thu, Dec 22, 2022, 11:06 AM UTC

klyrs wrote: post #286

geraldwhen wrote: post #240

Earlier quoted context omitted.

I teach my kids that we shoot thieves dead as permitted by law. Let’s hope my kids never run into the kids who were taught “stealing is okay sometimes.” You steal, you rob, you assault, you die. It’s very simple.

Right, the old "my kids are gonna kill yours" argument. Who needs to worry about nuance or ethics when we've got guns? A cousin of mine spent about two years in jail over shooting that was eventually ruled as self-defense. Are your kids prepared for that?

Sounds like he had a bad lawyer. Yes, they are prepared to say nothing to cops and immediately prepare legal defense should it be necessary.

Better to be judged by 12 than carried by 6.

Re: Wells Fargo to pay $3.7B for mistreating customers

#458

Post by selfmodruntime » Thu, Dec 22, 2022, 11:07 AM UTC

FollowingTheDao wrote: post #426

selfmodruntime wrote: post #424

Earlier quoted context omitted.

This is an insane statement. Abortion rights do matter. Voting for veterans and 9/11 firefighters to get healthcare matters. Restricting voting right matters [0]. Not giving in to radical christians (as a christian myself) matters. [0] https://www.reddit.com/r/politics/comments/2pwhvt/the_differ...

Don’t you see the game they’re playing with you? All those things listed in the thread they haven’t passed. It’s not because one party wants it any other party doesn’t. It’s because they both don’t want them and they play the game of “we don’t have enough votes“. It’s like how Obama could’ve codified roe versus wade in the law, but never did.

> All those things listed in the thread they haven’t passed

He says while confronted with a list of every Democrat voting for important things, and important things ultimately not passing because Republicans block it.

> It’s not because one party wants it any other party doesn’t

It's literally only that. You can look at their voting records.

> It’s like how Obama could’ve codified roe versus wade in the law

Obama had a 2 month window of a supermajority, which he used to push the biggest healthcare reform the US has ever seen.

Re: Wells Fargo to pay $3.7B for mistreating customers

#459

Post by bill_joy_fanboy » Fri, Dec 23, 2022, 12:47 AM UTC

imtringued wrote: post #406

IG_Semmelweiss wrote: post #374

Earlier quoted context omitted.

Its not impossible. That's not the point What i mean is real estate taxes as they are today are not a factor to seriously dent foreign or corporate wealth from vacuuming all properties available. 10k year in property tax is a pittance to a Sheik, a shenzen factory owner, an indian tech entrepreneur, your average venezuelan govt bureaucrat, or a REIT. 10k is not peanuts to the average wage earner in the US. The former…

This is a pretty shallow argument. Americans should be glad that foreign citizens are funding housing because it means they can build more housing with that money. It is Americans who get to choose whether to build more or not and they have decided to instead block new housing.

Nah.

If it weren't for foreign "investment" in real estate, there would still be housing in the U.S. It would just be cheaper.

Real estate is a finite resource. More people showing up and bidding just drives the price up for the people who were already at the auction.

No reason for me to be happy about it.

Re: Wells Fargo to pay $3.7B for mistreating customers

#460

Post by bill_joy_fanboy » Fri, Dec 23, 2022, 1:08 AM UTC

IG_Semmelweiss wrote: post #236

bill_joy_fanboy wrote: post #199

Earlier quoted context omitted.

> First, you have a tech industry salary, which is probably at least twice as much as the median wage, if not more. This is exactly his point. If he can't make it with what he has going for him, who can? > You only options are to accept that and adjust your budget/income/location appropriately, or opt to rent forever, which is not at all a bad thing since owning a primary residence is never an investment. (Although t…

what about people that dont pay taxes i.e. every other chinese, saudi, indian, russian, EU and LATAM millionaire that owns several properties in miami, orlando, nyc, LA, dallas, houston, phoenix, etc. What about banks and REITs that are passthru entities for the same folk above ? What about SV out-of-staters that don't pay state taxes but work remote at places like LV, Salt Lake, or Boise ? You want to fleece your ow…

> You want to fleece your own... but others you let just... walk in ?

Sorry for the late reply...

No, I don't want these people to just "walk in."

I support BTFO'ing all of the above people with punitive taxes.

I might give the SV bros a pass if they only have one house that is their primary residence or maybe one other place. It's the people (and organizations) who have many properties who frustrate me.