Posted on 04/17/2024 11:23:13 AM PDT by Red Badger
Any business will tell you “reputational concern” is a real risk.
Well if you want to run a bank in this state, you may not discriminate for anything but commercial reasons (ie the customer has shown they are a bad credit risk). That needs to be the response.
The alternative is simply not to do business in this state.
When this incident occurred, I closed out my small savings account.
5.56mm
"BOA is the worst. They pioneered giving cc and loans to illegals."
"No matter who you are, B of A and Wells Fargo seem to go out of their way to create multiple account charges and poor customer service."
----------------------------------------------------------
Both of these banks are THE primary conduits of remittance monies flowing from illegal aliens to points out of our United States - so much so that more than two (corrupt) countries South of our border are dependent on that money to remain afloat.
I'm APPALLED that USAA, which has long claimed to have veterans' interest at heart, have lowered themselves to the level of AARP - who support leftist causes without most of their members even aware of it.
If these banks' remittance rackets aren't shut down they should be "tarriffed" (if that's the correct term) 10 or 20% to help cover the astronomical costs to our systems the illegals cost we citizens.
I had an MBNA Bank NASCAR credit card. When BOA purchased MBNA’s credit card division my account was transferred to them. In short order my credit limit was doubled and finally it landed at $39,000.00 Me, being a dumbass, racked up a hefty balance of $18K. This wasn’t our only CC with a balance but it was the one with the biggest balance.
One month my payment was received in a day late and incurred a late charge., I called and they reversed it but the event served as one of several catalysts that got us on the path to becoming debt free. While it was our fault that we had so much CC debt, BOA made it very easy.
Anyway, once we decided to start our debt free journey, we haven’t used any credit cards or incurred and debt of any kind since. So one favor BOA did for us was that our experience so devastated our finances and the cure so changed our lives for the positive that I’m not sure that had we not had such a debt problem that we would be as frugal and investment/saving minded that we are today.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.