Last night I wanted to talk about the difference between banning certain transactions and merely “nudging” people away from them, so I posted a story I from a bankruptcy lawyer that told an unflattering story about Wells Fargo.
Back when banks were actually regulated, and were not allowed to go national if they were registered under state regulations, Wells Fargo and Bank of America were excellent banks, which went out of their way to provide real, understanding, SERVICE to their customers. I banked at both institutions and never had a single complaint about either.
Then that fucking moron Bill Clinton approved the banking deregulation. A business lawyer I knew forecast to me that, once it went into effect, within two years no one would consider a bank to be a place where they would receive actual “service.” Turns out, she was conservative in her timeline. It happened within a year of that fucking asshole signing that anti-democratic legislation.
Both banks got purchased by Southern scumbags, and both banks have become shitholes. I first figured out Bank of America no longer provided service when I deposited a check from a project, and was soon told by the issuer it was short. I contacted the bank and asked to cancel the transaction (I had been able to do that before) but this time, no, it wasn’t possible. And then BA proceeded to send it through their system FIVE TIMES, charging me escalating fees each time. I refused to pay. They canceled the account and then put me on a Banking Black List that gave me nothing but trouble with the banking industry for nearly 10 years (fortunately, the other account I had elsewhere had been given to me as a veteran, for their public relations, and they honored their agreement).
Bank of America, and Wells Fargo, and every pinstriped pimp who works for them can all go to hell. Followed quickly by every other bank and every other bank employee on the planet.