WAR ON YOU - Breaking News Without Corporate Views,Alternative news Forum Message Board, Conspiracy Theories,conspiracy research, Martial Law blog,War on drugs, anti zionism website, Bank of America Wins Right To Seize Social Security Benefits To Pay Overdraft Fees | War On You: Breaking Alternative News

Bank of America Wins Right To Seize Social Security Benefits To Pay Overdraft Fees

Funny, I closed my account after they kept charging me overdraft fees.  They reopened the account twice when funds cleared from weeks before. After a few heated arguments they lost a customer and I will also let it be known there scam artist. They did the samething with my mothers social security check. I would piss on a cop before I tried to put out the flames of this cash burning bank.

The California Supreme Court has effectively reversed a 2004 San Francisco trial court decision that ordered BofA to pay $284.4 million in damages to more than 1.1 million customers. The California Supreme Court ruled that banks can tap Social Security benefits in bank accounts to cover bounced-check fees, a practice consumer advocates say is abusive because Federal law prohibits Social Security benefits from being seized to pay a debt. California law apparently doesn’t consider overdraft fees to be debt, so the fee party will be allowed to rock on indefinitely.

[USAToday]
(Photo:The Cornballer)



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This entry was posted on Saturday, June 6th, 2009 and is filed under Banks, Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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