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Is this legal? The chase team should follow up, because it seems like a termination elligible offense on their end. Especially as the individuals are clearly id

Is this legal? The chase team should follow up, because it seems like a termination elligible offense on their end. Especially as the individuals are clearly identified. Access to credit and banking is a protected right in America. If Dave and friend want to circumvent the rules they should be eligible to lose their jobs as well.

astura 6y ago
>Access to credit and banking is a protected right in America It is? In what way? Afaik banks give themselves a lot of power to close your accounts for a lot of different reasons - "suspicious activity," "rewards abuse," etc.
- texasbigdata 6y ago
  It’s regulated on race / etc, it’s also (as written) potentially retaliation what happened to the family member. Credit is a resources and having old accounts be deleted like that causes real damage to an individual. Fair on the reward abuse though. But to close ALL accounts?
  - astura 6y ago
    >it’s regulated on race / etc Okay, but so is every other service open to the public. It also has nothing to do with this situation >it’s also (as written) potentially retaliation what happened to the family member But in no way illegal (or retaliation) to close associated accounts when terminating a relationship with a customer. The GP was probably once a joint account holder with the family member, or had them as an authorized user on their credit card. >Credit is a resources and having old accounts be deleted like that causes real damage to an individual. Okay... So? That doesn't make it somehow "a protected right," legally speaking. From everything I've read financial institutions have gigantic leeway to close accounts for basically any reason The personal experiences I've heard back this up. https://money.cnn.com/2014/05/07/pf/bank-account-closing/index.html https://money.cnn.com/2014/05/07/pf/bank-account-closing/ind... >"Nobody has the right to a credit card, a bank account, a debit card or a merchant account," said Ulzheimer. "You have to earn it and the banks set the rules. If you are what they perceive to be too risky, they'll shut you down and you have no recourse." >Fair on the reward abuse though. But to close ALL accounts? When a financial institution chooses to end their relationship with your they generally end their relationship with you.
drak0n1c 6y ago
Chase Bank has previously closed without notice the checking accounts of felons, and right-wing political activists. Despite no abuse happening on the accounts.

astura 6y ago

>Access to credit and banking is a protected right in America It is? In what way? Afaik banks give themselves a lot of power to close your accounts for a lot of different reasons - "suspicious activity," "rewards abuse," etc.

texasbigdata 6y ago
It’s regulated on race / etc, it’s also (as written) potentially retaliation what happened to the family member. Credit is a resources and having old accounts be deleted like that causes real damage to an individual. Fair on the reward abuse though. But to close ALL accounts?
- astura 6y ago
  >it’s regulated on race / etc Okay, but so is every other service open to the public. It also has nothing to do with this situation >it’s also (as written) potentially retaliation what happened to the family member But in no way illegal (or retaliation) to close associated accounts when terminating a relationship with a customer. The GP was probably once a joint account holder with the family member, or had them as an authorized user on their credit card. >Credit is a resources and having old accounts be deleted like that causes real damage to an individual. Okay... So? That doesn't make it somehow "a protected right," legally speaking. From everything I've read financial institutions have gigantic leeway to close accounts for basically any reason The personal experiences I've heard back this up. https://money.cnn.com/2014/05/07/pf/bank-account-closing/index.html https://money.cnn.com/2014/05/07/pf/bank-account-closing/ind... >"Nobody has the right to a credit card, a bank account, a debit card or a merchant account," said Ulzheimer. "You have to earn it and the banks set the rules. If you are what they perceive to be too risky, they'll shut you down and you have no recourse." >Fair on the reward abuse though. But to close ALL accounts? When a financial institution chooses to end their relationship with your they generally end their relationship with you.

drak0n1c 6y ago

Chase Bank has previously closed without notice the checking accounts of felons, and right-wing political activists. Despite no abuse happening on the accounts.