Brian McLane

Media and Social Commentary

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BUSINESS AS USUAL AT THE BANKS. BREAK THE LAW, PAY THE FINES

September 30th, 2013 · No Comments · crime

Bank of America has agreed to a 32 Million Dollar fine for harassing debt collection calls. Cost of doing business.

Of course they would. Just like Chase, Wells Fargo and Citibank, these kinds of policies are figured into the margin and the costs are ultimately passed off to the consumers.

I’ve railed against it so many times (see previous posts) and yet it keeps happening over and over again. Very few people ever go to jail from the banks.

Here’s the latest apology from Chase Bank’s Jamie Dimon.

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