We had a server outage, and we're rebuilding the site. Most of the site features won't work. Thank you for your patience.
imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

How come banks are still overcharging while pretending to be 'reformed' ?

by maryjanie Friday, Aug. 13, 2010 at 11:19 AM

Wells Fargo Bank is only the latest of thieving banks trying to extort the most profits from the customers it may even want to keep as theirs....KPCC Radio Host Pat Morrison talking to a guest about how t hese games are played on The American People and the rest of us too

More news that needs to be repeated and seen, this one refers to only one MORE bank doing whatever they can for profits regardless of the costs in public confidence or trust of their customers, as they lose them to their greedy schemes to once more 'game' The American Public.

Must be that bank officials and owners think of the customer public as "stupid" enough and illiterate to keep on agreeing to their continual unethical maneuvers and newly created ways to CHARGE MORE in fees and take away prior promises of 'good services'.

Each bank or financial institution that plays these games AGAINST it's own earning-base, the customers that utilize their services instead of another businesses' [yes, banks and other financial groups are all just businesses with same frauds, fake promises, small print almost-illegal charges,and almost no regulation by what we hoped was OUR government agencies.

Here is another example, one of many that are more often now coming to light and into the news and awareness of us all:

Heard on NPR = KPCC radio on 8/12/2010, but also can be heard or read in their archives:

Pat Morrison's KPCC Guest: Leslie Parrish, Senior Researcher "Center for Responsible Lending" [see this non-profit's site below too]


re debit & overdraft fees their article in general:


and this org. just commended Bank of America for stopping this unethical over charging customers that other banks do ...like Chase definitely does ! = see

http://www.responsiblelending.org/media-center/press-releases/archives/ CRL-Applauds-Bank-of-America-s- Decision-to-Stop.html

[and yet....see a comment copied below about B of A doing this same charging anyhow from an individual writing KPCC blog ]and for more of KPCC's other people's comments are also located on this page]=


[this is a reposting of KPPC's pgrm description :]

"Searching for another reason to hate banks? How about Wells Fargo racking in $1.8 billion in overdraft fees? Rather than charging for bounced checks, the bank allowed customers to overspend their funds and tacked on hundreds of dollars in fees by manipulating the transactions from largest to smallest. A federal judge ruled on Tuesday that Wells Fargo owes its California customers $203 million, spearheading the way for federal laws regulating overdraft fees. But what does this mean for the other banks being sued for playing this same dirty game?"

[a comment found on KPCC page]=

by Cara "My experience is most banks utilize this manipulative practice. It is certainly the case with Bank of America and I am wondering why Wells Fargo has been singled out regarding this illegal practice? As a B of A customer, I utilize their on-line banking system and have had occasion to print the transaction page that includes your account balance with each transaction. Only to look on-line the following day (typically in the morning) to find each of the transactions from the previous day were re-ordered and paid differently - the final balance would be the same but the per transaction balance was different due to the re-ordering. If a customer has miscalculated at any point, the reordering of the transactions can create multiple overdrafts and the bank assesses fees accordingly. Why is only Wells penalized for this practice?"

[another commenter says ]:
"Because the bank enters debits before credits, I got hit with NSF charges which takes an act of Congress to get reversed."

Lots of other comments commend the CREDIT UNIONS vs. big banks...or prefer smaller banks that treat them less egregiously.

see KPCC's site for other people's comments later or listen in today at about 1 pm to 89.3 FM..my favorite radio station...

surely Well Fargo bank is not the only bank doing this almost-fraudulent charging for what is not needed to prevent extra fees being charged....

and yes, other banks have "offered" and even pushed for getting consent to overdraft protections to better LINE THEIR POCKETS unnecessarily, as investigative reporters have now told us...because we don't even Understand the fine print...being as it is confusing and hard to read, most in legalese instead of plain English, done deliberating !!!

Report this post as:
Share on: Twitter, Facebook, Google+

add your comments

Local News

Woolsey Fire: Worst News of 2018? J01 12:18AM

Oppose Environmentally-Harmful Development D10 4:03AM

Oppose Environmentally-Harmful Development D10 3:58AM

OUR HOUSE Grief Support Center Presents Night for Hope O30 5:38PM

Marshall Tuck’s racist dog whistle O27 5:01AM

Marshall Tuck’s ethnocentrism contradicts Californian values O27 4:32AM

Contra Costa-Hawkins O25 3:48AM

Debunking Some Anti-Prop 10 Propaganda O12 6:56AM

Why Should California Choose De Leon Over Feinstein? O10 9:55PM

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

Watch the Debate: Excluded Candidates for Governor of California M31 5:20AM

More Local News...

Other/Breaking News

FARCELONA 8.17.2017 J17 3:23PM



PR Debt Cancel, Judge Reviews Cofina Debt J16 9:04PM

Réseautage, fragmentation du capital J16 4:20PM

Paraphysique de manipulation mentale et sociale J15 9:51AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

Markets as a Fetish, Globalization, and Dissent Management J14 1:03PM

State Debts - The Primal German Fear J13 5:09PM

Sans liberté, sans égalité, sans fraternité J13 8:09AM

From Progressive Neoliberalism to Trump - and Beyond J12 9:22PM

Copper Cures Cancer J11 1:42PM

Steven Taylor, Investor who Evicts J11 9:24AM

Du sectarisme, des sectes, des clans J11 8:10AM

“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen J10 6:34PM

Patrick Kilpatrick discusses and signs Dying for Living J09 11:51PM

SexActs vs Sexuality USA 2018 Invitations to Power Marriages without Affection J09 8:36PM

Changer de mentalité, changer de société J09 9:17AM

Teacher Strike? Time for Labor Studies J09 6:26AM

December 2018 Honduras Coup Update J08 10:12PM

Paraphysique de la désespérance J07 9:38AM

The Unification Church with Rev Moon is in La and Orange Counnties J07 9:07AM

Time to Start Imagineering a Post-Ayatollah Iran J05 10:00PM

L'écomorphisme, du culturel et du temporel J05 10:33AM

Sexual Harassment Charges of Men Suing Women who are accused of Harassing Men are now 10% J05 4:08AM

Stases psychiques et stases sexuelles J04 11:34AM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy