General Discussion

Newsjock

(11,733 posts) Thu Jan 12, 2012, 07:11 PM Jan 2012

Seattle church groups to close accounts at Bank of America

http://slog.thestranger.com/slog/archives/2012/01/12/what-would-jesus-do-church-groups-to-close-bank-of-america-accounts

Tomorrow, during a 1:30 pm rally at the Bank of America (BoA) branch in the University District, representatives from the Faith Action Network and the Church Council of Greater Seattle will close their organizations' bank accounts, and then walk a block and a half down the street to deposit their money into not-for-profit credit union BECU. Both organizations have been banking with BoA, and its predecessor, SeaFirst, since the early 1970s.

"This small step is a reminder to the bank and community that the greed and continued reaping of windfall profits at the expense of taxpayers and bank customers is immoral, and the economic crisis and disparities perpetrated by mega banks an outrage," the church groups wrote in a joint statement.

11 replies

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Seattle church groups to close accounts at Bank of America (Original Post) Newsjock Jan 2012 OP

I hope no one in DU gives BoA any business. nm rhett o rick Jan 2012 #1

I'm considering filing a major lawsuit against B of A for damages from inaccurate credit reporting slackmaster Jan 2012 #3

Best of luck, but they are more powerful than our govemnt. nm rhett o rick Jan 2012 #4

They certainly think so. I told "Angela" in their Credit Department that I have a court order... slackmaster Jan 2012 #6

These people rule the US. They have the power. They own a share of Congress. rhett o rick Jan 2012 #7

Have you brought this information to Equifax, Transunion and Experian? Zalatix Jan 2012 #9

Yes, of course I have gone through the formal dispute process. Here is what happens... slackmaster Jan 2012 #10

Heh, BECU MrCoffee Jan 2012 #2

What the hell is BECU? nm rhett o rick Jan 2012 #8

BECU is Boeing Employees Credit Union. nt yewberry Jan 2012 #11

WAY TO GO! I closed my BOA and went with BECU in November rustydog Jan 2012 #5

rhett o rick

(55,981 posts)

1. I hope no one in DU gives BoA any business. nm

Reply to Newsjock (Original post)

Thu Jan 12, 2012, 07:19 PM

Jan 2012

slackmaster

(60,567 posts)

3. I'm considering filing a major lawsuit against B of A for damages from inaccurate credit reporting

Reply to rhett o rick (Reply #1)

Thu Jan 12, 2012, 07:26 PM

Jan 2012

They added me as a "co-borrower" on my former wife's credit card without my knowledge or consent. I found out about it MANY years after our divorce.

I tried to get my name removed, but the bank refused. Now she's behind on her payments, and MY credit is all jacked up.

Stay tuned.

rhett o rick

(55,981 posts)

4. Best of luck, but they are more powerful than our govemnt. nm

Reply to slackmaster (Reply #3)

Thu Jan 12, 2012, 08:29 PM

Jan 2012

slackmaster

(60,567 posts)

6. They certainly think so. I told "Angela" in their Credit Department that I have a court order...

Reply to rhett o rick (Reply #4)

Thu Jan 12, 2012, 09:33 PM

Jan 2012

...which says the debt is not now my responsibility nor was it ever.

Her exact words were.

Get ready for it.

You may not believe this. Or maybe you might...

"We don't honor court orders."

Of course the VERY FIRST THING I DID after they first refused to take my name off the account in 2009, when it was still current, was to ask for a copy of the credit application showing my signature, by which I consented to be responsible for the card.

They couldn't produce it, and said "We only have to keep those for three years."

So they have never made any attempt to collect any of it from me, but they persist in reporting it as my debt to Equifax, TransUnion, and Experian.

They are major assholes.

rhett o rick

(55,981 posts)

7. These people rule the US. They have the power. They own a share of Congress.

Reply to slackmaster (Reply #6)

Thu Jan 12, 2012, 09:47 PM

Jan 2012

Congress no longer represents you and me. The revolution is here, embrace it.

Zalatix

(8,994 posts)

9. Have you brought this information to Equifax, Transunion and Experian?

Reply to slackmaster (Reply #6)

Thu Jan 12, 2012, 09:55 PM

Jan 2012

slackmaster

(60,567 posts)

10. Yes, of course I have gone through the formal dispute process. Here is what happens...

Reply to Zalatix (Reply #9)

Fri Jan 13, 2012, 12:37 AM

Jan 2012

They go to the bank and say "Is this information correct?"

Bank says "Yes, according to our records it is correct."

The credit companies DO NOT get into the nuts and bolts of a dispute. The fact that the bank has NO PAPER to back up its computer files doesn't matter.

If I push a little harder I may be able to get them to remove the information because there is some uncertainty (per a provision of the FCRA,) but that is a long process and probably best handled by a professional i.e. an attorney.

I'm going for the jugular.

MrCoffee

(24,159 posts)

2. Heh, BECU

Reply to Newsjock (Original post)

Thu Jan 12, 2012, 07:21 PM

Jan 2012

My Seattle-area credit union is considering ending their relationship with BECU because, according to one rep, "They sort of forgot how to act like a credit union."