>Any banker can confiscate any customer's money on a whim? That's the point behind the OCC (Office of the Comptroller of the Currency). They're to make sure th

>Any banker can confiscate any customer's money on a whim? That's the point behind the OCC (Office of the Comptroller of the Currency). They're to make sure that does not happen. Broad brush stroke, SEC for the banks. Chase bank actually tried this on me after depositing a check from a client. They wanted to hold the check for 31 days and they froze my account (which included my payroll and day to day funds). Granted, it was a big check and the biggest one I ever got by a large amount. But verification of legality for that amount was only supposed to be about 3 days (which I don't have problems with). Anyways, did about 5 minutes of extreme panic research and discovered the OCC. Literally that easy to find. Called them up, explained the situation and they said they need to do their due diligence with my info. 2 days later (they researched the payment, fyi I was sub-sub-contract on a gov job) they scheduled a call between me and Chase bank at a branch. They forced the funds released and account back in working order. Chase gave me a huge apology. I literally told them to shove their apology in their ass and to cash out my company's account so I could open a new one elsewhere. They claimed they can't cash out in such short notice, the guy from the OCC on speakerphone speaks for me and goes "Your office has 30 minutes to figure it out." Literally, my favorite gov agency since I did feel pretty baller going against Chase bank. The Chase branch had 2 lawyers and a regional vp with their branch manager waiting for me. I think the CFPB got involved too, on my side, but OCC took lead. At least the guy I always talked to was OCC. I was just surprised how fast acting these people were. From account freeze to walking out was only 3 days. Makes me wonder though, what other agencies are out there, that baller, that protects the public? Now Greece, sure. Not like they truly have a functioning government to begin with.