Ally Bank Over Draft Scam

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Ally Bank Over Draft Scam

By Thomas Miller

Bank Overdraft Fees Regulations

Federal rules that took effect in 2010 no longer allow banks and credit unions to charge overdraft fees on ATM or debit card transactions unless the bank customer agrees to “opt-in” to overdraft protection.

 

 

Those simple words became a nightmare to deal with. I am right now being punished with excessive overdrafts never did. Buy ally says its all automated and there is nothing they can do. They spit on the law and they just don’t care. When you state you don’t want overdrafts and if my balance goes to 0 then you must decline all transactions. But in Ally Bank, they just pay and pay and they say hey we don’t follow that law. The funny part is I was stating laws to the so-called CSR and he then stated we just don’t follow that law. I love how Ally Bank picks and chooses what law to fallow. the funny part of this whole thing is if they did the overdraft it’s their flat but the funny part is they punish you form the overdrafts they make by not following the law. they will hold your checks for 5 days off a whim and give you empty sorry’s like their souls. they take so long to respond to you and blame it on COVID19 that is a lie as well. They keep on lying and lying and what happens next is still a mystery. they know the courts are not taking any lawsuits so they are taking advantage of the suffering of American people. I wish I had millions of dollars to just state what laws to follow but I am like all of you hard-working Americans get royally fucked in the anal cleft. Now Herer is one of the laws their breaking

 

Don’t worry I will have a table of contents for you to look up certain laws on this overdraft law

 

 

113th CONGRESS
1st Session
Bank Overdraft Fees Regulations

Federal rules that took effect in 2010 no longer allow banks and credit unions to charge overdraft fees on ATM or debit card transactions unless the bank customer agrees to “opt-in” to overdraft protection.

Those simple words became a nightmare to deal with. I am right now being punished with excessive overdrafts never did. Buy ally says its all automated and there is nothing they can do. They spit on the law and they just don’t care. When you state you don’t want overdrafts and if my balance goes to 0 then you must decline all transactions. But in Ally Bank, they just pay and pay and they say hey we don’t follow that law. The funny part is I was stating laws to the so-called CSR and he then stated we just don’t follow that law. I love how Ally Bank picks and chooses what law to fallow. the funny part of this whole thing is if they did the overdraft it’s their flat but the funny part is they punish you form their overdrafts they make by not following the law. they will hold your checks for 5 days off a whim and give you empty sorry’s like their souls. they take so long to respond to you and blame it on COVID19 that is a lie as well. They keep on lying and lying and what happens next is still a mystery. they know the courts are not taking any lawsuits so they are taking advantage of the suffering of American people. I wish I had millions of dollars to just state what laws to follow but I am like all of you hard-working Americans get royally fucked in the anal cleft. Now Herer is one of the laws their breaking

Don’t worry I will have a table of contents for you to look up certain laws on this overdraft law

113th CONGRESS
1st Session
H. R. 1261

To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES
March 19, 2013

Mrs. Carolyn B. Maloney of New York (for herself, Ms. Waters, Mr. Dingell, Mrs. Lowey, Mr. Capuano, Mr. Ellison, Ms. Moore, Mr. Sherman, Ms. Sewell of Alabama, Mr. Clay, Mr. Cleaver, Mr. Foster, Ms. Norton, Ms. Schakowsky, Mr. Rush, Ms. Tsongas, Mr. Tonko, Mr. Van Hollen, Mr. Conyers, Mr. Rangel, Ms. Wilson of Florida, Mr. Carson of Indiana, Mr. Serrano, Mr. Blumenauer, Mr. Nadler, Mr. Honda, Ms. Eshoo, Mr. Cicilline, Mr. McGovern, Mr. Bishop of New York, Mr. Holt, Mr. Moran, Mr. Cohen, Ms. Chu, Ms. Matsui, Mr. Langevin, Ms. Loretta Sanchez of California, Mr. Veasey, Ms. Jackson Lee, Ms. Bass, Mr. Tierney, Mr. George Miller of California, and Mr. Ryan of Ohio) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Overdraft Protection Act of 2013”.

SEC. 2. FINDINGS AND PURPOSE.

Section 102 of the Truth in Lending Act (15 U.S.C. 1601) is amended by adding at the end the following new subsection:

“(c) Fairness And Accountability In Overdraft Coverage.—

“(1) FINDINGS.—The Congress also finds that—

“(A) overdraft coverage is a form of short-term credit that depository institutions provide for consumer transaction accounts. Historically, depository institutions covered overdrafts for a fee on an ad hoc basis;


“140B. Overdraft coverage program disclosures and consumer protection.”.

SEC. 5. REGULATORY AUTHORITY OF THE BUREAU.

Not later than 24 months after the date of the enactment of this Act, the Bureau of Consumer Financial Protection (hereafter in this Act referred to as the “Bureau”) shall issue such final rules and publish such model forms as necessary to carry out section 140B of the Truth in Lending Act, as added by this Act.

SEC. 6. EFFECTIVE DATE.

 

To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES
March 19, 2013

Mrs. Carolyn B. Maloney of New York (for herself, Ms. Waters, Mr. Dingell, Mrs. Lowey, Mr. Capuano, Mr. Ellison, Ms. Moore, Mr. Sherman, Ms. Sewell of Alabama, Mr. Clay, Mr. Cleaver, Mr. Foster, Ms. Norton, Ms. Schakowsky, Mr. Rush, Ms. Tsongas, Mr. Tonko, Mr. Van Hollen, Mr. Conyers, Mr. Rangel, Ms. Wilson of Florida, Mr. Carson of Indiana, Mr. Serrano, Mr. Blumenauer, Mr. Nadler, Mr. Honda, Ms. Eshoo, Mr. Cicilline, Mr. McGovern, Mr. Bishop of New York, Mr. Holt, Mr. Moran, Mr. Cohen, Ms. Chu, Ms. Matsui, Mr. Langevin, Ms. Loretta Sanchez of California, Mr. Veasey, Ms. Jackson Lee, Ms. Bass, Mr. Tierney, Mr. George Miller of California, and Mr. Ryan of Ohio) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To amend the Truth in Lending Act to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Overdraft Protection Act of 2013”.

SEC. 2. FINDINGS AND PURPOSE.

Section 102 of the Truth in Lending Act (15 U.S.C. 1601) is amended by adding at the end the following new subsection:

“(c) Fairness And Accountability In Overdraft Coverage.—

“(1) FINDINGS.—The Congress also finds that—

“(A) overdraft coverage is a form of short-term credit that depository institutions provide for consumer transaction accounts. Historically, depository institutions covered overdrafts for a fee on an ad hoc basis;


“140B. Overdraft coverage program disclosures and consumer protection.”.

SEC. 5. REGULATORY AUTHORITY OF THE BUREAU.

Not later than 24 months after the date of the enactment of this Act, the Bureau of Consumer Financial Protection (hereafter in this Act referred to as the “Bureau”) shall issue such final rules and publish such model forms as necessary to carry out section 140B of the Truth in Lending Act, as added by this Act.

SEC. 6. EFFECTIVE DATE.

 

 

 

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