How come banks are still overcharging while pretending to be 'reformed' ?

More news that needs to be repeated and seen, this one refers to only one MORE bank doing whatever they can for profits regardless of the costs in public confidence or trust of their customers, as they lose them to their greedy schemes to once more 'game' The American Public.

Must be that bank officials and owners think of the customer public as "stupid" enough and illiterate to keep on agreeing to their continual unethical maneuvers and newly created ways to CHARGE MORE in fees and take away prior promises of 'good services'.

Each bank or financial institution that plays these games AGAINST it's own earning-base, the customers that utilize their services instead of another businesses' [yes, banks and other financial groups are all just businesses with same frauds, fake promises, small print almost-illegal charges,and almost no regulation by what we hoped was OUR government agencies.


Here is another example, one of many that are more often now coming to light and into the news and awareness of us all:

Heard on NPR = KPCC radio on 8/12/2010, but also can be heard or read in their archives:

Pat Morrison's KPCC Guest: Leslie Parrish, Senior Researcher "Center for Responsible Lending" [see this non-profit's site below too]

http://www.responsiblelending.org/about-us/mission-history/

re debit & overdraft fees their article in general:

http://action.responsiblelending.org/site/PageServer?pagename=overdraft

and this org. just commended Bank of America for stopping this unethical over charging customers that other banks do ...like Chase definitely does ! = see

http://www.responsiblelending.org/media-center/press-releases/archives/ CRL-Applauds-Bank-of-America-s- Decision-to-Stop.html


[and yet....see a comment copied below about B of A doing this same charging anyhow from an individual writing KPCC blog ]and for more of KPCC's other people's comments are also located on this page=

http://www.scpr.org/programs/patt-morrison/2010/08/11/well-well-well-
wells-fargo-ordered-to-pay-203milli/


[this is a reposting of KPPC's pgrm description :]

"Searching for another reason to hate banks? How about Wells Fargo racking in $1.8 billion in overdraft fees? Rather than charging for bounced checks, the bank allowed customers to overspend their funds and tacked on hundreds of dollars in fees by manipulating the transactions from largest to smallest. A federal judge ruled on Tuesday that Wells Fargo owes its California customers $203 million, spearheading the way for federal laws regulating overdraft fees. But what does this mean for the other banks being sued for playing this same dirty game?"


[a comment found on KPCC page]=

by Cara "My experience is most banks utilize this manipulative practice. It is certainly the case with Bank of America and I am wondering why Wells Fargo has been singled out regarding this illegal practice? As a B of A customer, I utilize their on-line banking system and have had occasion to print the transaction page that includes your account balance with each transaction. Only to look on-line the following day (typically in the morning) to find each of the transactions from the previous day were re-ordered and paid differently - the final balance would be the same but the per transaction balance was different due to the re-ordering. If a customer has miscalculated at any point, the reordering of the transactions can create multiple overdrafts and the bank assesses fees accordingly. Why is only Wells penalized for this practice?"


[another comment says ]:
"Because the bank enters debits before credits, I got hit with NSF charges which takes an act of Congress to get reversed."


Lots of other comments commend the CREDIT UNIONS vs. big banks...or prefer smaller banks that treat them less egregiously.

see KPCC's site for other people's comments later or listen in today at about 1 pm to 89.3 FM..my favorite radio station...


surely Well Fargo bank is not the only bank doing this almost-fraudulent charging for what is not needed to prevent extra fees being charged.... and yes, other banks have "offered" and even pushed for getting consent to overdraft protections to better LINE THEIR POCKETS unnecessarily, as investigative reporters have now told us...because we don't even Understand the fine print...being as it is confusing and hard to read, most in legalese instead of plain English, done deliberating !!!


"No one outside ourselves can rule us inwardly. When we know this we become free. FEAR is always an anticipation of what has NOT yet come. GREED & FEAR are our national Pass-times.


(c) maryjanie 2010

LA City is doing us harm, taking our rents & taxes for other purposes...see

from LA WEEKLY =re LA housing cost this is a repost from http://www.laweekly.com/2009-01-15/news/l-a-39-s-hidden-housing-disaster

[snip]
$962: Last year’s [2008] average cost of renting in Los Angeles, 43 percent higher than in 2000. 49: That’s L.A.’s bottom-of-the-barrel “housing affordability” rank out of 50 big American cities, with San Francisco ranked last, according to a 2008 survey by San Francisco nonprofit SustainLane.com. from 2003 to 2006. 7,369: The number of affordable units lost during the same period, mostly through conversions to luxury units but also demolitions related to new housing.

13,713: The net number of rent-controlled apartments and houses lost between 2001 and 2007 to demolition sparked by new construction and, even more often, to condo conversions sparked by the housing bubble’s rush to home ownership.

If the city’s numbers are accurate, Los Angeles has been losing a massive supply of affordable housing, while city leaders repeatedly take credit for approving 10,000 to 14,000 new units during each boom year — one of the busiest construction periods since the end of World War II. In the face of widespread neighborhood resistance to this most recent boom, city planners approved often-sprawling luxury complexes in Hollywood, along Wilshire, on the Westside, in the Valley and downtown — while the city was hemorrhaging its existing cheap rental stock.

City Controller Laura Chick says 90 percent of the units built during the construction frenzy were for those earning at least $135,000......

Apartments built before 1979 are rent-stabilized, allowing property owners to charge new tenants at market rate but restricting rent increases on existing tenants. Owners make up for the lost revenue by taking less profit, or raising rents for other tenants. How about the mayor’s $5 billion housing plan? Villaraigosa has not produced any documents proving that lenders or other sources are even offering such funds. But if they were, would it make a difference? [snip]

- - - - -- - - - -

another repost here from http://www.laweekly.com/2008-12-11/news/l-a-slams-residents-with-stiff-fees-and-taxes/
LA WEEKLY again [snip]

in May 2006, the City Council announced a trash-collection fee that Villaraigosa sold to residents by publicly promising it would go to hiring 1,000 new cops. In concert with that, the City Council has boosted the trash fee 330 percent, from $11 to $36.32.

The fee hike goes far beyond the actual cost of collecting and dumping trash. By this fall, it had generated a $137 million mountain of cash. But Villaraigosa’s vow that the excess funds would go to hiring cops proved untrue. An audit by city Controller Laura Chick has shown that Villaraigosa and Police Chief William Bratton spent only $47.2 million hiring new officers. Much of the rest went to raises and perks for the powerful police union. Although no laws were broken in the failure to spend the money as promised, Chick says (in a careful parsing of the actions by her political ally, Villaraigosa) that the mayor “incorrectly stated that the fees would be used exclusively to hire new officers, which we [now] know is not the case.”.... . Soon, water rates will jump by $5.25 on a typical water bill, but costs will be far higher for those who regularly water their lawn.....
the revised 2008-2009 city budget, which has increased car-towing fees by more than 100 percent to $100, hiked parking tickets dramatically, and almost doubled city campsite fees to $10 per night at places....[snip]

who is taking actions to change and improve these LA CITY neglects and corruptions?

Who else is writing, calling, informing and not-allowing our city to be taken by politicos stealing our livelihood and taxes?

are you ? pass this info on and let the rest of the concerned citizens KNOW what is happening....local issues are global as they happen here and elsewhere ....where peoople do not have the luxuries and freedoms we take for granted in Los Angeles, California, USA and the Americas !


(C) maryjanie 2009