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cal04 (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:06 PM Original message |
Democrats Target Bank Overdraft Charges |
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shanti (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:21 PM Response to Original message |
1. this is such a no-brainer |
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WestSeattle2 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:53 PM Response to Reply #1 |
99. Why, why, WHY do people still use commercial banks?! For |
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PatrynXX (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:21 PM Response to Original message |
2. Once upon a time the card would be declined |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 11:12 PM Response to Reply #2 |
7. a teenager in our household last year... |
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tinrobot (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:09 AM Response to Reply #7 |
9. Neither does Wells Fargo |
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beltanefauve (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 03:03 AM Response to Reply #9 |
22. Wells Fargo has a different scam, though |
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INdemo (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:05 AM Response to Reply #22 |
30. this happen to me and I called them on this and after two days |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:15 AM Response to Reply #30 |
45. No offense intended, but |
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beltanefauve (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 02:23 PM Response to Reply #45 |
80. Thanks for sharing |
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Raster (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:13 PM Response to Reply #80 |
96. You have every right to be cautious. My spider sense says "banking industry shill" |
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lakercub (509 posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:27 AM Response to Reply #22 |
56. Wells has an even better scam now |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:34 AM Response to Reply #56 |
67. I hate WF. |
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zonkers (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:03 AM Response to Reply #22 |
62. Both WF and B of A worked us over at different times in different ways. Hate them both but |
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Seldona (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 06:08 PM Response to Reply #22 |
89. Utilities are doing this as well. |
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Skittles (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:55 AM Response to Reply #7 |
17. it's one thing to slap a fee on someone for a mistake |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 02:12 AM Response to Reply #17 |
19. there was a thread some weeks ago... |
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Skittles (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 02:35 AM Response to Reply #19 |
21. good idea |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:47 AM Response to Reply #2 |
11. Until the 1999 Banking Reform Act, the smaller chargers were REQUIRED to |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:09 AM Response to Reply #11 |
32. It actually made sense at the time |
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Raster (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:27 AM Response to Reply #32 |
48. How do you know people "used to come into the bank and complain"? |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:39 AM Response to Reply #48 |
49. Because I've been in banking for more than two decades. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:45 PM Response to Reply #49 |
97. That's honest. Banks figured out that this way makes them more money. |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:32 AM Response to Reply #11 |
34. If I had $800 in my account, a check for $800 rent posting and a check for $20 to the grocery store |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:46 AM Response to Reply #34 |
43. You would. And that makes sense... but |
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Raster (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:23 AM Response to Reply #43 |
47. So which bank do you work for? |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:45 AM Response to Reply #47 |
50. That's simply not possible |
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Raster (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:11 PM Response to Reply #50 |
95. Banks should post checks to an account IN THE ORDER THEY ARE RECEIVED. |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:57 PM Response to Reply #95 |
103. You can call it whatever you like... But you don't know what you're talking about. |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:22 PM Response to Original message |
3. Yea!! |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:36 AM Response to Reply #3 |
35. Is there some reason why you are willing to let the bank make you even more poor with stupid fees? |
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fasttense (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:46 AM Response to Reply #35 |
42. All the law is doing is making it a requirement to ASK the customer before they |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:00 AM Response to Reply #42 |
44. Really not possible |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:04 AM Response to Reply #44 |
53. I call bullshit. |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:18 AM Response to Reply #53 |
55. Feel free to call it what you like... but I'm not seeing it. |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:32 AM Response to Reply #55 |
66. Missing one point |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:35 PM Response to Reply #66 |
76. No... I'm sorry. |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:29 AM Response to Reply #44 |
65. Not always |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:43 PM Response to Reply #65 |
77. That's certainly an option... |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 03:32 PM Response to Reply #44 |
82. Ok... here's a proposal from a career banker. |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:23 AM Response to Reply #42 |
64. How about this |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:00 AM Response to Reply #35 |
52. There is no overdraft prompt at POS. |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:46 AM Response to Reply #52 |
69. "...the overdrafts accrue within a matter of 2-3 hours..." |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:06 PM Response to Reply #52 |
75. No, they never promped at POS. Dodd wants to add that. |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 03:43 PM Response to Reply #75 |
84. Once upon a time, it did prompt at POS. |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 04:56 PM Response to Reply #84 |
86. A few corrections |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:50 PM Response to Reply #86 |
88. You're right about the "true" debit cards bit. |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:07 PM Response to Reply #88 |
93. With respect, |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:23 PM Response to Reply #93 |
102. I am certain if your policy was instituted they would return to posting the smallest items first |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:04 PM Response to Reply #102 |
104. Lol... I like the cynicism |
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SOS (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:48 AM Response to Reply #35 |
58. Just give us the option |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:56 AM Response to Reply #58 |
72. The option isn't free |
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SOS (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 06:38 PM Response to Reply #72 |
91. How much does it cost to decline a card? |
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laughingliberal (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:19 PM Response to Reply #35 |
101. Yep, I would decline the transaction |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:32 PM Response to Original message |
4. Its a start, but until they cap credit card rates its not enough |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:50 PM Response to Original message |
5. Imagine how much they've made on this criminal activity . . .!!! |
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jimlup (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 10:55 PM Response to Original message |
6. Sorry to be the barrer of bad news but... |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 03:27 PM Response to Reply #6 |
81. What Democracy? |
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jimlup (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:49 PM Response to Reply #81 |
98. Yep... |
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mzmolly (1000+ posts) Send PM | Profile | Ignore | Sun Sep-20-09 11:26 PM Response to Original message |
8. I APPLAUD this greatly! |
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Skink (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:19 AM Response to Original message |
10. As long as we can still take loans against direct deposit. |
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Name removed (0 posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:51 AM Response to Original message |
12. Deleted message |
Name removed (0 posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:16 AM Response to Reply #12 |
13. Deleted sub-thread |
AlbertCat (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:34 AM Response to Reply #12 |
14. How about managing your money properly |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:34 AM Response to Reply #12 |
15. Well, I DO blame banks for suddenly charging unidentified "miscellaneous fees" |
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comtec (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:54 AM Response to Reply #15 |
16. I have so been there |
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skepticscott (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:15 AM Response to Reply #16 |
25. So if banks |
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comtec (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:56 AM Response to Reply #25 |
28. don't hurt your groin with that stretch! |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 03:37 PM Response to Reply #28 |
83. Lol... no. You didn't say that they had no value... |
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skepticscott (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 06:13 PM Response to Reply #28 |
90. The service they provide |
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Lydia Leftcoast (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:13 AM Response to Reply #25 |
38. If they're going to suddenly charge fees, they should provide a service in return |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:52 AM Response to Reply #15 |
70. How do they possibly justify the first overdraft charge? |
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Wednesdays (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:07 AM Response to Reply #12 |
31. Yeah! Increase the penalty to $200 per overdrawn item! |
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Bill McBlueState (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:06 AM Response to Reply #12 |
54. "People used to take responsibility for themselves." |
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SOS (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:55 AM Response to Reply #12 |
59. New Law: uncollected/insufficient funds = decline at point of sale. |
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Lithos (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 02:10 AM Response to Original message |
18. The real question is... |
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mduffy31 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 02:13 AM Response to Original message |
20. My grandfather was a banker |
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dotymed (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 04:03 AM Response to Original message |
23. What about |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:56 AM Response to Reply #23 |
73. This should be addressed as well. --nt |
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boomerbust (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 04:50 AM Response to Original message |
24. How about this one |
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Turbineguy (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:46 AM Response to Original message |
26. Back in the days..... |
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indimuse (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:54 AM Response to Original message |
27. it's about time!!!!! |
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Jacobair (147 posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:03 AM Response to Original message |
29. Very good news. |
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high density (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:20 AM Response to Original message |
33. Permission? |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 12:03 PM Response to Reply #33 |
74. What upgrade of infrastructure? |
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Joe Chi Minh (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:48 AM Response to Original message |
36. The Royal Bank of Scotland, the Halifax BoS and, I think, Lloyds drastically reduced their |
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Kingofalldems (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:50 AM Response to Original message |
37. Excellent---I wonder where the repubs stand on this |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:21 AM Response to Original message |
39. perhaps the banks' fat cats could take a reduction in salary |
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Bluenorthwest (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:21 AM Response to Original message |
40. Dodd better dance faster and better than that! |
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JamesJ (27 posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:41 AM Response to Original message |
41. Somethng you might not know about Chase |
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fjc (700 posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:16 AM Response to Original message |
46. Even if you have savings to cover it, they charge you. |
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quiet.american (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 09:55 AM Response to Original message |
51. Notice how the second-paragraph sentence tries to whip up sympathy for banks. |
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Skink (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:39 AM Response to Original message |
57. How come if you are a day late on a credit card they charge you 40 but the electric co says 2 weeks |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:38 PM Response to Reply #57 |
78. And why is it that in Oregon, an insufficient check fund cost |
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change_notfinetuning (750 posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:57 AM Response to Original message |
60. Action on this is long past due, but don't expect much from Congress, |
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LeftHander (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:01 AM Response to Original message |
61. "Transaction Holding" - scam on the consumer. |
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Raster (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 12:15 AM Response to Reply #61 |
107. Thank you very much! Banks can and do structure how items debit from an account to generate as many |
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mvd (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:16 AM Response to Original message |
63. Good - they should not let you go over the limit |
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Torn_Scorned_Ignored (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:34 AM Response to Original message |
68. WTF took them so long? |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:54 AM Response to Original message |
71. The banks still get to keep their trillions in taxpayer dollars though, right? |
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Q3JR4 (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 01:52 PM Response to Original message |
79. Overdraft fees - how to beat the bank... |
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intheflow (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 04:39 PM Response to Reply #79 |
85. You should post this an a OP. |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 05:02 PM Response to Reply #85 |
87. It is a very clever idea. |
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Sivafae (286 posts) Send PM | Profile | Ignore | Mon Sep-21-09 06:56 PM Response to Original message |
92. I had a serious problem with BofA. I would deposit my pay check, which is a |
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FBaggins (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 07:21 PM Response to Reply #92 |
94. That shouldn't happen except in the rarest of cases |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 08:54 PM Response to Reply #92 |
100. Paycheck cashing places would have charged you a flat 3% of the amount being cashed. |
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dflprincess (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 10:07 PM Response to Original message |
105. I won't get too excited until I see the bill that gets signed |
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depakid (1000+ posts) Send PM | Profile | Ignore | Mon Sep-21-09 11:06 PM Response to Original message |
106. Hard to think of a better way for a Democrat to win re-election in 2010 |
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Vidar (1000+ posts) Send PM | Profile | Ignore | Tue Sep-22-09 09:02 AM Response to Original message |
108. Way overdue. |
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