Conniekat8 opened this issue on Dec 20, 2008 · 911 posts
Conniekat8 posted Wed, 08 April 2009 at 4:53 PM
Quote - Connie, you have got to get pro-active about that bank thing, seriously. Contact your local state representative and federal representative -- if this bank accepted TARP funds, they're not in the greatest of positions vis-a-vis the feds right now. Make some serious noise, because if they're doing it to you, they're doing it to other people as well -- and it's wrong, pure and simple. As long as you're making good-faith payments, they cannot turn them away on the excuse that it's not enough, and if they then turn around and put you in a position where you owe overdraft charges, they're really getting themselves into trouble.
Honestly, talk to Legal Aid. Talk to your government reps. Start getting insistent and pushy and annoying.
I'm waiting for a an attorney friend of mine to call me back. I also sent a detailed letter to consumer affairs. You made some good suggestions here, I'll look into it.
So far, I'm told that yes, they can do this, because it's a business banking account, not a personal one. I guess different rules apply. But, since I'm a sole proprietor, and not a corporation, I'm also personally exposed.. and that since this isn't a personal credit, but business, the good faith stuff doesn't come into play.... even though it's my personal checking account they cleand out, not the business account. It's very confusing.
Of course, noone is willing to help you much legally, without any money up-front, and I literally have ZERO to my name.
I believe this bank did take bailout money - if that's what TARP funds are? It's Wells Fargo.
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