Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Why You Probably Can't Sue Your Bank

Wednesday, December 12, 2012 - 6:04 PM
For better or worse, Americans tend to take it as an article of faith that if someone does you wrong, you can sue. But banks are quietly adding language to their account terms and services that take away your right to a day in court, and the law is on their side.

Suing Your Bank Typically Not Possible | TIME.com
3
ShorebreakShorebreak2,615 posts since
Apr 6, 2010
Rep Points: 14,182
1. Thursday, December 13, 2012 - 10:17 AM
As far as I am concerned, banks should be monitoring their employees to make sure they do not have to be concerned about being sued or going into arbitration with customers.  However, as we have seen with certain big banks, it's the people in charge who seem to be causing the problems.  I guess this is why we need the Feds to oversee the banks and hopefully catch their antics before it comes to arbitration etc.
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
Reply