Fees?

Fees? (Full Version)

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DarkSteven -> Fees? (9/14/2010 5:32:04 PM)
One of the interesting parts of landlord-tenant law (in most of not all states) is that any charge that the landlord makes of the tenant must be reasonable. So a late fee must reflect the actual expenses the landlord incurred due to lateness, for example. Money talen from the damage deposit must have documentation showing the costs to be acceptable. I've often wondered why landlords have that standard to meet and banks/credit card companies, etc. can charge arbitrary fees. Would you support law that requires fees and penalties to reflect actual costs incurred by a company?

JstAnotherSub -> RE: Fees? (9/14/2010 6:00:33 PM)
I was amazed to get a letter from my bank telling me they would no longer let a transaction go through if the funds were not available. Im like well duh! Some new law is making that happen it said. Several years ago, I spent something like 30 bucks at the store. I had forgotten to write down some other thing, I overdrew by a couple of bucks. They covered it and the fees were insane. I called and raised hell, and got the charges removed (I threatened to take my dam hundreds of dollars elsewhere by gosh). I asked them why the hell they would let an electronic transaction go through without the money being there to cover it, and I think they said "so we can try to fuck you out of a hundred bucks you ignorant slut", but I could be mistaken.[;)] I would much rather get left at a checkout with 30 bucks worth of groceries and get denied than pay some wacko fee. So yeah, I would love to see fees regulated more closely.

pogo4pres -> RE: Fees? (9/14/2010 6:00:46 PM)
quote: ORIGINAL: DarkSteven One of the interesting parts of landlord-tenant law (in most of not all states) is that any charge that the landlord makes of the tenant must be reasonable. So a late fee must reflect the actual expenses the landlord incurred due to lateness, for example. Money talen from the damage deposit must have documentation showing the costs to be acceptable. I've often wondered why landlords have that standard to meet and banks/credit card companies, etc. can charge arbitrary fees. Would you support law that requires fees and penalties to reflect actual costs incurred by a company? Yes Steven because then banks would not be able to get away with charging 35 dollars for an overdraft that costs them roughly $1.34 to process. Yeah ding the account holder 35 bucks because the bank gets to sort your purchases in the order they choose. Financially, Some Knucklehead in NJ

joether -> RE: Fees? (9/14/2010 6:01:58 PM)
quote: ORIGINAL: DarkSteven Would you support law that requires fees and penalties to reflect actual costs incurred by a company? Clarification needed. Is this, directed on a bill, the customer recieves from the company? As in, a itemized sheet of every cost, broken down to the most oburd of degrees? Or viewing a company's business sheets from an investor's point of view?

MistressEllen444 -> RE: Fees? (9/14/2010 6:07:52 PM)
I was listening to NPR and there was a lady (wish now I could remember her name and credentials) saying that banks should be subject to the same laws as payday lenders and such because the "fee" is not really a fee, it is an interest charge on a loan they are making you by covering your outstanding demand for a short period of time. In which case, if it truly is an interest charge then they are sometimes getting well over 3000% interest or more. Her basis for this was the fact that there is, in standard banking agreements, an obligation of the account holder to cover any overdraft amounts within x days or they can resort to all sort of nasty things. The same basic premise of a loan. I believe it was about 3 weeks ago on Air Talk with Larry Mantle.

servantforuse -> RE: Fees? (9/14/2010 6:22:20 PM)
Fees the banks charge make up a huge portion of a banks yearly profits.

DomKen -> RE: Fees? (9/14/2010 6:23:09 PM)
quote: ORIGINAL: DarkSteven One of the interesting parts of landlord-tenant law (in most of not all states) is that any charge that the landlord makes of the tenant must be reasonable. So a late fee must reflect the actual expenses the landlord incurred due to lateness, for example. Money talen from the damage deposit must have documentation showing the costs to be acceptable. I've often wondered why landlords have that standard to meet and banks/credit card companies, etc. can charge arbitrary fees. Would you support law that requires fees and penalties to reflect actual costs incurred by a company? I support returning consumer banking regulation to the state it was in around 1978. That includes reinstating usury laws in states that have let them lapse.

Termyn8or -> RE: Fees? (9/14/2010 6:24:06 PM)
Why bother, it would never pass as long as the banks have the government in their pocket. I know someone who got charged $30 every 3 days for a $2 overdraft. This was not a checking account, it was at an ATM. I will never keep a checking ledger, what I did and will continue to do if I use banks again will be to write the check, rounding up to the next dollar and depositing that exact numbet of dollars into the ATM before the check goes into the mailbox. There is $18 in my account. The only reason I even keep it is because it has been in good standing for well over 20 years. I am not falling into their trap. The rich run the country via lobbyists. Foreign aid is one of the biggest scams in the country. Country get taxpayer money and a certain portion is used to finance the lobbyists. Nice work if you can get it huh ? Look around, health care reform means you must buy health insurance. The biggest companies get the biggest bailouts. Do the math. Lobbyists are bribing politicians, plain and simple. Those who would be in charge of making bribery illegal are the ones taking the bribes. Prove me wrong and I'll kiss your ass on national TV and get advertising on the super bowl first. So we have suits who we elect foolishly, based on lies, who actually work for those with the fattest wallet and have absolutely no concern for us, ours or anyone's well being but their own. They are so greedy that they have become shortsighted and will destroy themselves in time. There is no other solution than about 200 million people marching up to the pentagon with demands - and weapons. The military is brainwashed to the point they would kill that many to save the status quo. Yes I would fully support such a law, but the only way to get it passed is the ballot box, electing 535 people with morals if we can find them, or the cartridge box. Take your pick. Now I have to go figure out how to pay back the thousands I've borrowed to finance my bankruptcy. And don't forget the approximate $40,000 each and every one of us owes because we let someone else handle our money. The fact is might makes right, until we have might, they have the right. I've known quite a few people in life who never dealt with banks at all. They were pretty happy for the most part. T

brokedickdog -> RE: Fees? (9/15/2010 7:50:12 AM)
quote: ORIGINAL: JstAnotherSub I was amazed to get a letter from my bank telling me they would no longer let a transaction go through if the funds were not available. Im like well duh! Some new law is making that happen it said. Several years ago, I spent something like 30 bucks at the store. I had forgotten to write down some other thing, I overdrew by a couple of bucks. They covered it and the fees were insane. I called and raised hell, and got the charges removed (I threatened to take my dam hundreds of dollars elsewhere by gosh). I asked them why the hell they would let an electronic transaction go through without the money being there to cover it, and I think they said "so we can try to fuck you out of a hundred bucks you ignorant slut", but I could be mistaken.[;)] I would much rather get left at a checkout with 30 bucks worth of groceries and get denied than pay some wacko fee. So yeah, I would love to see fees regulated more closely. JAS, I think you nailed it on that one. Because it is not "economical" for an individual to fight absurd and unethical behavior (sometimes illegal) on the part of corporate entities in most instances individuals choose to not fight. In other words they get away with it because no one offers resistance, or holds them accountable. I've become rather freakish in that regard in the past couple of years, more out of necessity than choice. I DO NOT expect others to make the same choices I have, and I certainly hope they are not forced into the kind of circumstances that made my choices the best option.

Termyn8or -> RE: Fees? (9/15/2010 6:55:09 PM)
FR "Convenient" , "Easy" , "Free" , these are the three major buzzwords of advertising today. Get your lazy ass up and screw a safe down to your house, or cement it in the basement and keep your money there. Deal in cash. Problem solved. T

truckinslave -> RE: Fees? (9/16/2010 7:10:17 AM)
Let me be contrarian... In a free country, John walks ina bank to open an account. Gets a contract. Actually reads it. Sees the part about the $1250.00 fee for bouncing a check. Throws said contract in trash. On the way home John sees an ad for a bank charging $1.34 for bounced checks.....

pahunkboy -> RE: Fees? (9/16/2010 7:19:59 AM)
Well goldman needs bonuses. Whenever they reform something it gets worse. I just got checks printed. Cheap ones were $25. I only write maybe 2 a month- so that pack will last me years.

brokedickdog -> RE: Fees? (9/16/2010 3:13:32 PM)
Hunky the bank will close and you'll be forced to have new checks printed issued from the one that takes over. Nice try though.

pahunkboy -> RE: Fees? (9/16/2010 3:25:38 PM)
I use a credit union.

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