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If they even bother investigating. From the sibling comment: > But who's going to investigate Wells Fargo over a $15 "mistake" that they fix as soon as you ask
by noxToken 9y ago
If they even bother investigating. From the sibling comment:
> But who's going to investigate Wells Fargo over a $15 "mistake" that they fix as soon as you ask them to?
The bureaucracy to file charges for something so small is a non-starter. It's probably happening to tens of thousands of other customers, but then you have to do the leg-work to get other people on board. There's nothing you can do involving the law that doesn't require a significant time investment. And as you've said, the punishment is such a pittance that all the hard work didn't matter in the end.
- creepydata 9y agoYou're wrong. I've successfully gotten the law involved with Citibank with a time investment of around 10, maybe 15 minutes. All I did was filled out this form: https://www.consumerfinance.gov/complaint/ https://www.consumerfinance.gov/complaint/ and they handled it from there. However, the CFBP has only been around for less than a decade.
- maxxxxx 9y agoAnd the current administration hates the CFBP