Call them now before your check comes. Get it set up with a week or so cushion. Are you still receiving a paper check and not direct deposit? I did not know SS would still send them out.
Today there isn't much risk for a banking customer, as long as one is careful to not have on deposit or in transaction accounts more money than the Federal insurance limit. And it's possible to structure those (for example, by having individual and joint accounts) to protect quite a bit of cash.
Because its Federal insurance, the regulators don't want the institution to fail. That is why mixing commercial with investment banking wasn't permitted. Bank failure really doesn't put the customer at risk because of the insurance. I've been through it and it is an inconvenience. Nothing more.
Obviously, Wells Fargo treats its customers very poorly. I had a client told it was time to leave that bank as a customer - and he'd been banking there since 1951. It also treats its employees very poorly - many managers caught up in opening of accounts customers didn't ask for scheme were blackballed and kept from finding new jobs in the industry. Often when they were whistle blowers trying to do the right thing.
Another client of mine was a long-time Wells Fargo customer treated very shabbily by their commercial loan people. The bank was absolutely no help when he needed a PPP loan. Frankly, I don't know why anyone would bank there.
Over the years banking regulators have moved away from protecting customers. The Home Mortgage Protection Act once forbid banks to make loans to customers who didn't have a reasonable expectation of paying them back. It's been gutted.
I agree with Sen. Warren. It's time. I just want to make it clear that Wells Fargo doesn't really put its customers at risk because it has a investment banking arm.
Surely you can change that date. Especially if you have autopay? Bc if you have autopay, they accept that it has to be at your discretion. What you're describing is terrible.
When I read the headline, my first thought was, why is Lizzy Warren taking her ax to Wells Fargo when the better target is Jamie Dimon's JP Morgan-Chase? To prepare for this post, I went to my favorite go-to website, to peruse their archive for articles buttressing my points. Only to find this: https://wallstreetonparade....
Based on all of this negative media coverage, particularly at Bloomberg News, one would think that Wells Fargo is the most criminally-inclined bank in the United States. But here is where this story gets particularly curious. While Senator Warren and Bloomberg News have turned Wells Fargo into a piñata, Wells Fargo has not actually been charged with even one felony count by the U.S. Department of Justice. JPMorgan Chase, on the other hand, is the only U.S. federally-insured bank in history to be charged with five felony counts in the span of seven years, while keeping the same man, Jamie Dimon, as its Chairman and CEO.Wells Fargo’s former CEO John Stumpf has been banned from the banking industry over the fake account scandal at Wells Fargo (a sales incentive program gone wrong) while Jamie Dimon has kept both titles of Chairman and CEO while having his annual pay hiked to over $30 million a year by his crony Board of Directors.
And here's JPMorgan-Chase exploring new frontiers in corporate personhood by claiming that France's criminal complaint filings against the firm violate the 'human rights' of the corporation (no, one cannot make this stuff up): https://wallstreetonparade....
In order to remain "well managed," an FHC must earn at least satisfactory scores on its CAMELS (Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity) composite and management ratings used by banking supervisors.
Call them now before your check comes. Get it set up with a week or so cushion. Are you still receiving a paper check and not direct deposit? I did not know SS would still send them out.
Direct deposit. I say check out of habit.
Today there isn't much risk for a banking customer, as long as one is careful to not have on deposit or in transaction accounts more money than the Federal insurance limit. And it's possible to structure those (for example, by having individual and joint accounts) to protect quite a bit of cash.
Because its Federal insurance, the regulators don't want the institution to fail. That is why mixing commercial with investment banking wasn't permitted. Bank failure really doesn't put the customer at risk because of the insurance. I've been through it and it is an inconvenience. Nothing more.
Obviously, Wells Fargo treats its customers very poorly. I had a client told it was time to leave that bank as a customer - and he'd been banking there since 1951. It also treats its employees very poorly - many managers caught up in opening of accounts customers didn't ask for scheme were blackballed and kept from finding new jobs in the industry. Often when they were whistle blowers trying to do the right thing.
Another client of mine was a long-time Wells Fargo customer treated very shabbily by their commercial loan people. The bank was absolutely no help when he needed a PPP loan. Frankly, I don't know why anyone would bank there.
Over the years banking regulators have moved away from protecting customers. The Home Mortgage Protection Act once forbid banks to make loans to customers who didn't have a reasonable expectation of paying them back. It's been gutted.
I agree with Sen. Warren. It's time. I just want to make it clear that Wells Fargo doesn't really put its customers at risk because it has a investment banking arm.
Just checking. Heh, hen. Do call Wells and see if the payment date on your credit card can be changed!
Wait. What? Three Republicans repealed Glass Steagall?
Gramm–Leach–Bliley passed the Senate 90–8, and the House 362–57 ... and was willingly signed into law by President Bill Clinton on November 12, 1999.
Must be nice to have somehow managed to miss *that* saga. There is no way in hell to blame that on the GOP. Democrats were ALL up in that shit.
Surely you can change that date. Especially if you have autopay? Bc if you have autopay, they accept that it has to be at your discretion. What you're describing is terrible.
Wouldn't surprise me in the least.
Lends perspective to his activism about jobs for ex-cons.
that was a sight and no mistake
Joe Camel?
When I read the headline, my first thought was, why is Lizzy Warren taking her ax to Wells Fargo when the better target is Jamie Dimon's JP Morgan-Chase? To prepare for this post, I went to my favorite go-to website, to peruse their archive for articles buttressing my points. Only to find this: https://wallstreetonparade....
Based on all of this negative media coverage, particularly at Bloomberg News, one would think that Wells Fargo is the most criminally-inclined bank in the United States. But here is where this story gets particularly curious. While Senator Warren and Bloomberg News have turned Wells Fargo into a piñata, Wells Fargo has not actually been charged with even one felony count by the U.S. Department of Justice. JPMorgan Chase, on the other hand, is the only U.S. federally-insured bank in history to be charged with five felony counts in the span of seven years, while keeping the same man, Jamie Dimon, as its Chairman and CEO.Wells Fargo’s former CEO John Stumpf has been banned from the banking industry over the fake account scandal at Wells Fargo (a sales incentive program gone wrong) while Jamie Dimon has kept both titles of Chairman and CEO while having his annual pay hiked to over $30 million a year by his crony Board of Directors.
Here's some more on Mr Dimon and his trillions of dollars crime spree: https://wallstreetonparade....
And here's JPMorgan-Chase exploring new frontiers in corporate personhood by claiming that France's criminal complaint filings against the firm violate the 'human rights' of the corporation (no, one cannot make this stuff up): https://wallstreetonparade....
And here's what passes for regulatory oversight by the SEC: https://wallstreetonparade....
And when he went to Chase, the Branch Manager washed his car, picked up his dry cleaning, and helped him move into that 3 story walk-up.
In order to remain "well managed," an FHC must earn at least satisfactory scores on its CAMELS (Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity) composite and management ratings used by banking supervisors.
You know who else had a high camel score?
I bank only with my local credit union.
What a country!
Man! I didn't think he was ever going to get that damn piano up all those stairs!