Complaint Review: RICHARD LOLAND - California
- RICHARD LOLAND United States of america , California United States of America
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- Category: Banks
RICHARD LOLAND FINDS big banks rip offs Richard Loland finds that big banks can and do rip you off California/N.Y , California
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People considered moving accounts in the last year, but didn't do so because it was perceived as being too much of a hassle. Meanwhile,
Sandy Weill -- the man who was the architect 14 years ago of allowing
the giant monster mega-banks to form in the United States -- has now
retracted his position. Now he basically says, "I was wrong," and has
called for splitting up the banks.In related news, a survey
from the University of Chicago finds trust in big banks is at an
all-time low. On the other hand, people trust small local community
banks and overwhelming trust their credit unions.I saw a disturbing story about banking analyst who said he's gung h*o for big bank stock, particularly Wells Fargo, because they have made a decision not
to fix any customer problems. It's more profitable for them to let
people stew and not waste money or employee time on fixing any customer
problems.The banks know people feel like it's too much trouble to
give them the boot, and so they happily go along their way treating us
like dirt.Consumer Reports has called for full account
portability like they have in Britain to ease the transition when you
want to move from one bank to another.
In the meantime, a lot of
smaller banks and credit unions offer switch kits. Or you can get out
your last 12 bank statements and see which drafts you have coming out of
your account. Some drafts may only hit quarterly or once annually. Be
sure to note them all.
This report was posted on Ripoff Report on 08/18/2012 07:16 PM and is a permanent record located here: https://www.ripoffreport.com/reports/richard-loland/-california-91101/richard-loland-finds-big-banks-rip-offs-richard-loland-finds-that-big-banks-can-and-do-ri-929261. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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