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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