Banks Behaving Badly

The Wealth Extraction Industry (cont.)

Continuation of The Wealth Extraction Industry. It’s been a few weeks since I was told Universal would refund my escrow at US Bank. So far there has been no action. I contacted both the the BBB and the Consumer Financial Protection Bureau. I also contacted the North Carolina Department of Insurance. I initially submitted a …

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Trust Account

I store my tenants’ deposits in a trust account with Wells Fargo as required by law. It’s really just a checking account. They told me there is no difference between a regular account and a trust account. But then they decided to start charging fees on all their accounts. They would not make an exception …

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