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But it was not Revlon making the mistake. It was Citibanks mistake. They are not indebted to Brigade Capital. Revlon is. If your bank would pay back your full
by dubbel 6y ago
But it was not Revlon making the mistake.
It was Citibanks mistake. They are not indebted to Brigade Capital. Revlon is.
If your bank would pay back your full credit card balance by accident, you would expect it to be able to get the money back, wouldn't you?
If it had been Revlon making the mistake this would be a different story.
- oarsinsync 6y ago> If your bank would pay back your full credit card balance by accident, you would expect it to be able to get the money back, wouldn't you? If the bank paid off my entire credit card balance instead of the < 1% payment I had scheduled, without an instruction from me, and without debiting my account because I don't have the funds to do that entire amount, I don't think I would care all that much. My CC issuer probably wouldn't be interested in returning the money if they had reason to believe I'd never pay them back in full as well. That just leaves the bank that cares. The bank that made the expensive mistake.
- koolba 6y agoI’d expect the bank to eat the cost if they could not recover the funds. Just because the receiver of the funds is not at fault does not mean the customer should take the hit.
- deleted 6y ago[deleted]