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  • cook.scott69 cook.scott69 Sep 20, 2009 9:33 PM Flag

    BB&T Bank Fraud Charges Coming N.C.

    Sorry, I assumed you did, cause that sounded so familar. I'm not disgruntled. I loved BB&T. But your dead wrong on the practice. Yes, all banks do it and it's still legal. That does not make it right. BB&T preaches business ethics, and this is in direct contradiction to any ethics I know. As far as trying to outlaw this, Sen Schumer of NY is talking about introducing a bill to forbid these types of deceptive loan practices. And that is what it is, lending small amounts of money and charging exorbinate fees to unkowing victims. I worked at the bank long enough to see how the system went from trying to cover the cost of clearing bad checks and handling special items to a hustle that cost us billions. Used to be clients had 2-3 checks clear a day at most. Now we have 10 items going thru daily with debit cards and when a mistake happens, it was not uncommon to see a $300-500 charge on someones account....

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    • You said it right there - the use of debit cards and the customer not keeping track of their balance. The customer seems to think that it is someone else's problem.

      I would never use a debit card, just because of the risk of losing track of the balance in my account.

 
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