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So don't bank there.
So don't bank there.
I don't thanks for caring
however all the others will soon follow suit any other questions just send them by pm or email
Did you figure out how to join a credit union?
Pm or email only
Want to know how to join a credit union?
PM or email only.
No thanks scro, thanks
Looks like a money making and capital control scam all in one to me
Actually, that's called make money. Banks have to deal with new laws that restrict certain ways they used to nickle-and-dime you, so now they have to come up with new ways.We have crossed the rubicon where now the currency has been so devalued that you will have to pay fees to have your money in a bank or use a debit card.
well, duh, it's a bank
It's called fraud prevention. They limit the flow of cash to mitigate fraud losses and money laundering. They've been hit up by the OCC for lack of ins utional controls, so this is more than likely a response to some direction.
And the extra fees are a bonus...
I wouldn't say "nickel and dime".
Banks made money on interchange fee (% of each transaction for swiping) even for debits, but that was limited by Dodd-Frank. With the checking/savings products no longer profitable, banks had to do one of two things...add fees or remove rewards. In some cases both were done.
I'm sure that's to cover the cost of legal/compliance. ;-)
Did you see the $350M in losses for legal expenses the other day?
I just have no sympathy, tbh... now they're announcing this $13billion settlement over the mortgage fiasco... that's not even one year's profits.
I understand it's a business, and they gotta make money, but they were ing criminally reckless back in '08. They followed it up with fake paperwork to falsely foreclosure more homes.
Now they gonna pony up, don't admit to any wrongdoing and wash their hands.
Oh don't get me wrong, I have no sympathy either. I was just saying that they're spending an awful lot (mostly reactive) to get compliant.
The current regulatory environment is a result of their irresponsible lending, and they're still making money hand over fist. Their "bottom line" mentality is honestly one of the reasons I don't work there any more.
I agree, but they were compliant until they decided to get "creative" to augment that "bottom line" by screwing up their customers.
IMO, it's not really about getting compliant. It's that they got caught with their hand on the cookie jar and now they're paying their way out of it to avoid getting jail time. None of your average citizens get that kind of privilege.
i wouldn't want to work for one of the big 4 megabanks for any sum of money
those assholes especially wells fargo. i'm glad my ancestors who were train robbers robbed those mother ers
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