> IMHO, this is criminal.
Is criminality opinion nowadays? To my understanding if a bank acts like this, there is very little to do. Maybe a class action lawsuit would work in US?
Is criminality opinion nowadays? To my understanding if a bank acts like this, there is very little to do. Maybe a class action lawsuit would work in US?
Edit: I assume we're talking about opinion as judgment of objective matters, not opinion as statement of personal preference.
WF would then agree to pay like $50M. The lawyers would take at least half of that or $25M. The 'few impacted folks' the lawyers originally found would get between 50K and 100K each. The remainder would be disbursed to nonprofits because it would be too onerous to find all defendants.
WF would get this monkey off its back. And the actual impacted folks would get zip, zilch, nada.
THEN they get to offset $50 million of current income to reduce their tax bill. I'm surprised more banks don't do this.
This is why class actions can assess punitive damages.
Basic misrepresentation.
Closed has a clear and expected meaning.
FWIW, last time I closed a bank account I asked for a signature indicating I had no further financial obligation.
This crap has happened before.