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How Bank of America Gave Away My Money

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Re: How Bank of America Gave Away My Money

#151

Post by nickthemagicman »

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…

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 PROJECTS.

https://www.bloomberg.com/news/articles/2014-07-10/republica...

Take your republican astroturfing brainwashed conservative zombie rhetoric somewhere else or at least have something (non-Breibart) to back up all of your bullshit claims.

The CFPB is critical organization to help the little guy and one of the only resources they have to fight massive organizations taking advantage of them.

Re: How Bank of America Gave Away My Money

#152

Post by nickthemagicman »

metaphorm wrote: post #147
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…

it sounds a lot like you just regurgitated Republican talking points

This thank you.

Re: How Bank of America Gave Away My Money

#153

Post by thebooktocome »

rrauenza wrote: post #145
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…

That's a pretty wide brush you're painting with, there. There isn't just "one" modern Christian theology.

Name a modern American denomination that rejects prosperity theology.

Re: How Bank of America Gave Away My Money

#155

Post by dmix »

metaphorm wrote: post #147
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…

it sounds a lot like you just regurgitated Republican talking points

Speaking of partisanship, the NPR links above are just as equally regurgitating democrat talking points. Lacking any type of critical analysis of the agency and instead focused entirely on the silly talking points of the republican guy with some added snark.

NPR is hard left, I at least quoted a study from a bi-partisan agency that I found on Wikipedia

Re: How Bank of America Gave Away My Money

#156

Post by dv_dt »

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…

Compare and contrast to the board of governors of the Federal Reserve...

Re: How Bank of America Gave Away My Money

#157

Post by fictioncircle »

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…

> Of course it sounds bad that they want to shut down a 'consumer protection' agency. But those sound like legitimate concerns. At a minimum a restructuring sounds like a good thing.

If only the concerns weren't a bad joke disconnected from reality.

> 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

He can be fired for poor performance (inefficiency) and the CFPB is hardly the only organization with this structure. So the idea it is radical and he cannot be fired for poor performance are both lies.

https://www.bloomberg.com/view/articles/2017-01-13/why-trump...

> Here’s the legal background. Most federal agencies count as “executive,” meaning that their heads serve at the pleasure of the president. But some agencies are “independent” -- meaning that by law, the people in charge of them can be removed only for good cause, which Congress often specifies to mean “inefficiency, neglect of duty, or malfeasance in office.”

> The Federal Reserve Board, the Federal Trade Commission and the Federal Communications Commission are independent agencies -- and so is the CFPB. Under the law, Cordray’s five-year term extends until July 2018.

> Both Republican and Democratic presidents have not loved the idea of independent agencies, operating outside of their daily control. But in 1935, the Supreme Court unanimously agreed that the Constitution gives Congress the power to create such entities. The court has stuck with that position ever since -- and for decades no president has even tried to remove the heads of independent agencies

----

> Moreover, the HSC alleged a lack of financial transparency, lack of accountability to Congress or the President, and expressed particular concern about excessive travel costs and a $55 million renovation of CFPB headquarters that was more costly than "the entire annual construction and acquisition budget for GSA for the totality of federal buildings".

https://www.gsa.gov/portal/content/128814

> GSA Announces $947 Million Courthouse Investment Plan

https://www.gsa.gov/portal/mediaId/128818/fileName/Courthous...

> Toledo, Ohio

> New Courthouse Annex / Ashley U.S.Courthouse Renovation

> GSA’s plan allocates

​> $97,784,000

One court house is almost double the quoted number and the "Courthouse construction budget" over 10 years is ~$94.7 million / year.

https://www.gsa.gov/graphics/staffoffices/FY2013_CONGRESSION...

For 2013 btw:

> $ 8,619,098,000

$8 billion dollar budget request

> GSA requests $8,619 million in New Obligational Authority (NOA) for the Federal Buildings Fund.

They had an $8 billion dollar budget and this joker is claiming it was the entire annual budget of the GSA? lol

Re: How Bank of America Gave Away My Money

#158

Post by dmix »

undersuit wrote: post #142
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…

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 owners who are most affected by bad policy. There's a reason only 6 mega banks are left following the 2008 crisis and hardly any small regional banks any more :/.

Re: How Bank of America Gave Away My Money

#160

Post by kevinchen »

scrummytim wrote: post #107
matt_wulfeck wrote: post #96

Earlier quoted context omitted.

Absolutely. And he's lucky it was just $4k. What of it was $100k and included money you needed to live and pay the mortgage with? This type of negligence by the bank is downright scary .

It's not clear to me that it's the bank's fault. The court must've done some kind of discovery to send the bank a garnish order. So was the bank lazy and just took money from a similar named account without checking the details? Or did the court identify the wrong defendant and issue a garnish order for the wrong person?

If the details of the story are true, there is no way for the bank to be completely innocent here and it doesn't matter whether the police or court messed up. Upon receiving a legal order for some customer, the bank should at least make sure the name, SSN, and mailing address match before zeroing out the account.
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