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Originally posted by dawnstar
reply to post by Skorpiogurl
what about those of us who found our mortgages had been transferred over to countrywide.....
just wondering here.....
Originally posted by Skorpiogurl
reply to post by buddhasystem
Actually.... I think it's funny that most people assume the interchange fees are charged by the bank. If you've worked in banking, you would know that these fees are set by the credit card networks and are the largest component of the various fees that most merchants' pay for the privilege of accepting credit cards, representing 70% to 90% of these fees by some estimates, although larger merchants typically pay less as a percentage.
Yes, I do know that. In the end, this doesn't matter to the consumer. It would have been a fairer thing to do to just terminate the debit card service altogether until these "credit card networks" lower their outrageous fees. Maybe $0.44 fee per transaction made sense back 25 years ago, but clearly, these days it's just fleecing. It's about as artificial as the price of CDs 15 years ago and you know what happened to that business model.
Writing millions of fraudulent loans
Maybe $0.44 fee per transaction made sense back 25 years ago, but clearly, these days it's just fleecing.
PEOPLE should withdraw $10,000 and then re-deposit the money. Then the next day, withdraw $10,000 and the next day re-deposit the funds. Keep doing this and the banks not only have to report the transaction once, but they have to report the same transaction again and again.
I'm also looking forward to the demise of BofA and other big players who are sure to follow suit.
No one has the inherent "right" to make a profit.
So since BOA did this they have no right whatsoever to make a profit nor do they deserve to make a profit. They deserve to be broken apart and nothing less than that.
When did these banks get it twisted and start thinking they were doing US a favor by letting them hold our money? No one ever needed to use a bank. Ever.
Closed my account with Skank of America a long time ago. Will never look back
Originally posted by CookieMonster09
When did consumers begin thinking that they had an inherent right to be lent money with no down payment, for a house they couldn't afford in the first place?
If you don't like banks, then don't use them.
You might have a completely different perception if you personally witnessed the banking industry from the other side of the fence. You would get to witness firsthand that not every bank client is as angelic as you might think.
With all due respect, I am sure that in most cases, the feeling was mutual. After all the collection calls, overdrafts, charge-off's, unreturned phone calls, and vociferous complaints about "fees", ad nauseum - all amounting to losses and not profits for the bank -- I am sure the bank was more than happy to see another "toxic customer" take a walk to another institution. (Don't take it personal. I am sure your case was "different".)
What does it have to do with the topic of this thread? Seriously?
Is that the usual thing to say to whitewash price gouging? Because charging $0.44 per simple, 100 byte transaction
Been there, done that... Still, what does "angelic" have to do with anything? You seem to have a knack for posting irrelevant insinuations.