Hacker News Reader

Comment by redm | Hacker News Reader

"Cachet ultimately decided to cancel all of those reversals and absorb that $26 million hit, which it is now trying to recover through the courts."

So I don't think anyone is out, right?

View on HN

Yeah, but wonder if people got any overdraft fees, etc during that time since the money was temporary missing because they expected it to be there for the checks or automatic payments. Usually $35 a pop, so could add up. So your money missing and overdraft fees sounds so devastating.

I know a while back the local news was talking about this issue and interviewing workers, and some of them were unsure about their money. but sounds like they got it back at least. So sounds like now just a court battle, but at least the individual workers aren't involved in the nightmare directly it looks anymore.

Sounds like it probably was days before putting it back, as they had to call and talk to someone - told them it was a mistake then later yet another disappeared... Then call again, etc... Even a Facebook group was started with many employees who all had the same issue.

Here's the clip https://youtu.be/ELZaXpJiMFU

Those overdraft fees are absolutely reversible, it's just a pain to contact the bank to have them reversed.

Just make it the company's responsibility to do that on behalf of the people it inconvenienced. Dumping the responsibility for those things on the injured party is fundamentally unethical.

Yeah, it'd be nice since this became major news nationwide news for banks to forgive any overdraft fees. Probably a bank by bank thing, maybe even case by case thing.

Reply on news.ycombinator.com