Predatory lending. Overdraft fees. Minimum balances. Setting due dates on holidays and and weekends, then refusing to process payments for a three days prior to the due date. Opening lines of credit for people with mental handicaps. Fixing their books. Lying to regulatory agencies.
you can google and fine some pretty fucked up shit the US banks do to the most vulnerable people, like changing the order the transactions are processed in so that they can hit people with overdraft fees.
I don’t have a checkbook since I am not from the US, also stop woth the bootkicking/victim blaming, they literally did shit like if you had some small charges that should have been fine, then you had a bigger charge that put you over the limit, then they processed the big one first (even though it was the last) then processed the small ones after and then they didn’t charge one overdraft fee, but multiple.
also there is the obvious case of the 2008 financial crisis, make some bootlicker argument for that, mate
I don’t have a checkbook since I am not from the US
So you don’t have to deposit an amount near your withdrawals? I’m curious about these places without overdraft fees. How far in the negative do they allow you to go?
Even without using a checkbook, I just got used to getting close to my limit. I deposit $100. I’d make a mental note that I spent $20 here, $50 there, and $25 at another place. Then I’d consider my money give, giving the transactions a few days to clear (back before things were so instant). Suck it banks, no overdraft fees this time!
aka sub-prime lending. this sort of thing has happened before, “buying on margin” in the 1920s, for the stock market. it didnt end well then either.
the way that laws work is that if you sign a contract, it’s legally binding - so if you take out a giant loan to buy a house & cant make the mortgage payments, you’re out of house and you’re liable to pay back the loan. you gotta read the fine print before you sign anything.
Every time I’ve put money in a bank, I’ve gotten out more than I put in. Where’s the “robbery”?
Predatory lending. Overdraft fees. Minimum balances. Setting due dates on holidays and and weekends, then refusing to process payments for a three days prior to the due date. Opening lines of credit for people with mental handicaps. Fixing their books. Lying to regulatory agencies.
Wait until you learn overdraft fees are entirely the fault of the person overdrafting their account!
It takes more nuance and braincells than that to understand the joke.
I think it just takes a not particularly reflective cynicism. “Banks actually steal from us” is just an edgelord “good things are actually bad” take.
overdraft fees for one.
you can google and fine some pretty fucked up shit the US banks do to the most vulnerable people, like changing the order the transactions are processed in so that they can hit people with overdraft fees.
You could just balance your checkbook, maybe
I don’t have a checkbook since I am not from the US, also stop woth the bootkicking/victim blaming, they literally did shit like if you had some small charges that should have been fine, then you had a bigger charge that put you over the limit, then they processed the big one first (even though it was the last) then processed the small ones after and then they didn’t charge one overdraft fee, but multiple.
also there is the obvious case of the 2008 financial crisis, make some bootlicker argument for that, mate
So you don’t have to deposit an amount near your withdrawals? I’m curious about these places without overdraft fees. How far in the negative do they allow you to go?
Even without using a checkbook, I just got used to getting close to my limit. I deposit $100. I’d make a mental note that I spent $20 here, $50 there, and $25 at another place. Then I’d consider my money give, giving the transactions a few days to clear (back before things were so instant). Suck it banks, no overdraft fees this time!
aka sub-prime lending. this sort of thing has happened before, “buying on margin” in the 1920s, for the stock market. it didnt end well then either.
the way that laws work is that if you sign a contract, it’s legally binding - so if you take out a giant loan to buy a house & cant make the mortgage payments, you’re out of house and you’re liable to pay back the loan. you gotta read the fine print before you sign anything.
Dude, there was a systemic failure, the banks were deregulated, then the rating agencies misrated loans to keep making money.
Blaming individuals for “not reading the fine print” is just another form of bootlicking/victim blaming
you can opt out of those. and if your bank says you cant, close the account & join a new bank - there’s so, so many banks.
Anything predatory and risky should be opt in only.