Article View: misc.consumers
Article #9081Re: How Does This Happen?
From: Coffee's For Closers
Date: Mon, 04 Aug 2008 06:22
Date: Mon, 04 Aug 2008 06:22
48 lines
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2982 bytes
In article <paha94l5or1ea59f49feg846rrkgfqa4t3@4ax.com>, scottenaztlan@yahoo.com says... > In message <betatron-60A071.10283202082008@news.ftupet.com>, max > <betatron@earthlink.net> wrote: > > >The CTA inability to transmit the PIN transaction in one minute instead > >of N*10080 minutes has cause some of these people problems that will > >persist for months due to their limited resources. > All right, so how would you solve the problem? > > Require all EFT debits to be settled within 24 hours, or the money is > forfeit? > > Outlaw overdraft fees entirely? No to those two. > Cap the fees at some reasonable amount, and outlaw "cascading" > fees? Possibly this could be viewed as somewhat similar to usury laws limiting interest. So perhaps there could be some type of limits about the number of fees charged on a per-incident basis. > Require banks to apply credits first, then apply debits in > increasing order of size? Definitely require credits to be applied first (isn't that normally done, anyway?) The order of debits should either be in the order received, or smaller-to-larger. If a bank deliberately applies the largest items first, then that suggests that they are specifically trying maximise the number of NSF items. -- Get Credit Where Credit Is Due http://www.cardreport.com/ Credit Tools, Reference, and Forum
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X-Google-Thread: 107518,d777ae74711f9ca1 X-Google-Thread: 10e835,d777ae74711f9ca1 X-Google-Attributes: gid107518,gid10e835,domainid0,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!news1.google.com!news2.google.com!border1.nntp.dca.giganews.com!nntp.giganews.com!newsfeed00.sul.t-online.de!t-online.de!npeer.de.kpn-eurorings.net!npeer-ng2.kpn.DE!newsfeeder.dynfx.net!weretis.net!news.motzarella.org!motzarella.org!not-for-mail From: Coffee's For Closers <Usenet2008@THE-DOMAIN-IN.SIG> Newsgroups: misc.consumers,chi.general Subject: Re: How Does This Happen? Date: Sun, 3 Aug 2008 23:22:46 -0700 Organization: A noiseless patient Spider Lines: 48 Message-ID: <MPG.23003d4741897ede9896c4@news.motzarella.org> References: <ko35949b1nba66qgk3hjg024brcr26vdgu@4ax.com> <b6Mkk.4741$QX3.4252@newsfe02.iad> <nki794dcc9cun2fa78pbdbhfa7086gtm5l@4ax.com> <srhi-08D0C4.08420502082008@newsgroups.comcast.net> <acq8941iis6pg4g0kjjnaie02apec18r43@4ax.com> <betatron-60A071.10283202082008@news.ftupet.com> <paha94l5or1ea59f49feg846rrkgfqa4t3@4ax.com> X-Trace: feeder.motzarella.org U2FsdGVkX1/D0ra2tq3rQDcDSYa82HrInisbdY8+JuGXuT7ddIO8hfIobOcQ0OyBvJLOlobosXUfiknRYSDrV4UN1sIRJ4qjbCKGMx0OYsytqgyqtf6t04NP6+yGAAlDbnyicSw+LWujGxcLSKUkDw== X-Complaints-To: Please send complaints to abuse@motzarella.org with full headers NNTP-Posting-Date: Mon, 4 Aug 2008 07:10:16 +0000 (UTC) X-Newsreader: MicroPlanet Gravity v2.30 X-Auth-Sender: U2FsdGVkX18Wunh2nQO7361oJkMzENo5U3FI6Xs4NkF9wds44Gj4AQ== Cancel-Lock: sha1:2eEv5Qbf2PJeRzQr5lXFOr33BmE=