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6 Unbelievable Ways the Big Banks Are Scamming You

Business  (tags: corporate, ethics, finance, foreclosures, consumers, lies, consumer protection, fees, CFPB )

- 1795 days ago -
It is going on five years since the financial crash and three years since President Obama signed the meager Dodd-Frank Wall Street Reform and Consumer Protection Act, and the big banks are still scamming and conning and ripping off their customers.

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Past Member (0)
Saturday June 22, 2013, 5:48 am
I can attest to this being true!

Danuta W (1249)
Saturday June 22, 2013, 5:57 am

Past Member (0)
Saturday June 22, 2013, 6:44 am
Know our rights

John D (36)
Saturday June 22, 2013, 7:23 am
You would think that after everything they would be conducting themselves in a more honourable and measured fashion....

Pogle S (88)
Saturday June 22, 2013, 7:30 am
Now why am I not surprised?

Theodore S (56)
Saturday June 22, 2013, 7:56 am
Nothing will change because the majority of our politicians are nothing but common prostitutes. At least the ladies on the corner are honest about what they do even if I disagree with their life style.

Phillip W (210)
Saturday June 22, 2013, 8:17 am
Now I know a little better why I like Elisabeth Warren. We are indeed lucky to have her!

Ellen m (215)
Saturday June 22, 2013, 8:18 am
Hold on, let me find my surprised look..

Gene J (290)
Saturday June 22, 2013, 10:53 am
Elizabeth Warren is a true marvel. She ran a wonderful campaign against one of the dirtiest campaigns the republicans ran in the last election. I would LOVE to see her become our first female president, but she is so badly needed in the Senate, which leaves me a bit conflicted because I think she would be a marvelous President, she already is a marvelous person and Senator. We are indeed lucky to have her on the national stage.

Birgit W (160)
Saturday June 22, 2013, 12:46 pm
We are in urgent need of a brand new banking and money system. Our banks are criminal, and get away with it because of our corrupt government.

Deborah W (6)
Saturday June 22, 2013, 2:31 pm
Unbelieveable? NOT. As long as they own the government nothing will change.

Debra T (17)
Saturday June 22, 2013, 2:35 pm

Lois J (63)
Saturday June 22, 2013, 4:01 pm
Thanks for posting, Lynn. The banks never change their ways and have been scamming us for decades. The watered-down version of Dodd-Frank that passed was largely written by bank lobbyists and congressional aides in cahoots with them. The Consumer Protection is not presently funded last I heard, and lobbyists are doing their best to undo what good that has been done.

Dori C (17)
Saturday June 22, 2013, 5:50 pm

M B (62)
Sunday June 23, 2013, 1:31 am
I don't trust the banks, they act like criminals and get away with it. Thanks to a corrupt government. I hope we keep this in mind with the next elections. Those "capitalist crimes" should be punished, just like they treat killers.

Eternal G (745)
Sunday June 23, 2013, 2:46 am
Just SICK!

P A (117)
Sunday June 23, 2013, 3:20 am
Bloody bunch of unforgivable pervs - this is just one of the evil things they did - and possibly are doing -
"1. Falsifying Paperwork, Blitzing, Lying About Payments to Force Homeowners Into Foreclosure

"This week, ProPublica released a report detailing the shocking ways that Bank of America has been pushing homeowners into foreclosure. Employees lied about documentation and falsified paperwork to force families out of their homes when these customers thought they were getting a loan modification under the government’s Home Affordable Modification Program (HAMP). To make matters worse, the bank gave bonuses to employees who were able to reach monthly quotas of people they forced into foreclosure.

"According to a lawsuit against Bank of America, the bank used “blitzing” twice a month to deny HAMP applications even when the homeowner had fully complied with the program’s requirements; it gave employees $500 bonuses each month they forced 10 or more homeowners into foreclosure; it intentionally ignored applications for 30 days, then declared them late and forced homeowners to reapply; it closed applications even when they knew the homeowner had met all criteria; and it canceled loan modifications because of “late payments” when the bank’s records shows that payments had been made on time"

Lisa W (143)
Sunday June 23, 2013, 8:04 am
Noted with disgust. TY Lynn!

Kathleen R (138)
Sunday June 23, 2013, 11:17 am
noted & read

Winn A (179)
Sunday June 23, 2013, 3:59 pm
I've been in our local credit union for the past 22 years. I can't imagine myself ever wanting to leave to go to a bank.

Larry L (2)
Sunday June 23, 2013, 11:37 pm
One solution rarely discussed is setting up public banks. This is a win-win solution. Public banks would treat the public much better and provide loans to small businesses and home buyers which are not fraudulent, and not full of hidden fees. Any "profits" made would stay in the community, too. It can be done. There are some public banks.


SusanAWAY A (219)
Thursday June 27, 2013, 6:33 pm
Disgusting. Noted and shared.
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