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43 votes

How can I get more than 10 years of transaction history from my bank?

Businesses only keep transaction data for as long as they have to For a live loan account they will keep transactions while the account is live and then for as long as local law dictates (it varies ...
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18 votes

How can I get more than 10 years of transaction history from my bank?

According to GDPR, they are required to delete data when there is no longer a legal reason to keep it. It would be madness to do this manually. There will be automatic processes going through the ...
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  • 4,813
15 votes

Can a landlord force all residents to use the landlord's in-house debit card accounts?

Typically the landlord will have a preexisting clause in the lease that says the landlord may choose to amend the lease at a later date. While that may be in contracts, I don't see that holding up in ...
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11 votes
Accepted

is it illegal for users to store money on a website?

Yes, you are then an online bank. This is an issue that computer games have had to figure out, when it was possible to move money both ways, cash to game gold and game gold to cash. (think Diablo's ...
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10 votes

Is it legal for a bank to discriminate against someone by the services they offer based upon their marital status?

Your bank is not discriminating against you. Your reasons for not having the required amount of funds pass thru your account has nothing to do with your marital status. In general, it's problematic ...
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9 votes

My bank sold a local branch to another bank, including my accounts, without my permission. Is that legal?

Contracts are transferrable The default rule is that the rights and obligations that one person holds under a contract (your original bank) can be transferred to any other person (your new bank). This ...
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7 votes
Accepted

On the legality of replacing international transfers with intranational ones

Would this be legal? Probably at this scale. Not necessarily extrapolated to a large commercial operation involving more parties. At some point it becomes a payment system and a financial enterprise ...
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7 votes

Is pretending to be the owner of a bank account illegal?

There are professionals who are doing penetration testing in an attempt to find security vulnerabilities with the target company. They will have a clear, written contract with the target company to ...
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  • 4,813
7 votes

How can I get more than 10 years of transaction history from my bank?

Make a GDPR request to get all your data: https://gdpr-info.eu/art-15-gdpr/
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6 votes
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Can a defendant get probation without being convicted of a crime?

Can you plead guilty to a crime, get probation and simultaneously avoid a conviction? Yes. In a deferred prosecution, there is not a conviction. If a defendant follows the terms of the program ...
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  • 134k
6 votes

How can I get more than 10 years of transaction history from my bank?

But obviously, the bank does have all my old transactions in their real database. I don't believe for a second that they have actually thrown it away, or that they ever will. "Belief" gets ...
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5 votes

Do I have any options if Chase has closed my account citing payment from fraudulent sources?

Both of your question are creatures of contract. Their disclosures when you set up the account (or potentially amended disclosures or terms they've mailed to you subsequently) control both of these ...
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  • 10.9k
5 votes
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Someone withdrew money from my bank account - what are my rights?

I reported this to my bank as soon as I found out, and Chase said that the money would be reimbursed once they completed their investigation (within 10 business days). Chase was likely indicating ...
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  • 10.9k
5 votes

Unauthorized access to bank account

You haven't suffered a legally cognizable harm because you got your money back, before you even had a chance to complain, so you have no basis for a lawsuit. For what it is worth, pretty much every ...
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  • 134k
5 votes

Why is the Federal Reserve allowed to "coin Money" and define exchange rates?

It's not a violation because Congress created and gave the Federal Reserve the power to issue Federal Reserve Notes in the Federal Reserve Act which created the Federal Reserve. More here on the ...
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  • 2,732
5 votes
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How do concepts like intent, discrimination, and bias apply to an Artificial Intelligence agent?

Firstly, true artificial intelligence does not yet exist. The term "artificial intelligence" is a bit of a buzzword, used to refer to things like neural networks and decision trees, which are really ...
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  • 1,241
5 votes

Can a US bank disallow a lawful permanent US resident from opening an account?

FDIC Regulation 500 prohibits discrimination in making loans on the basis of "National origin" but not on the basis of immigration status. This story from The Nation says that Bank of America is ...
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5 votes

Bank is not depositing my promotion bonus

It is unlikely that you could successfully sue the bank for breach of contract, but of course the first thing you should do is carefully read the agreement and see exactly what they promised. It is ...
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  • 160k
5 votes

Credit union holding car note, refuses to provide details of how payments have been applied

They are probably not required to provide online access at all. They are probably required to provide some sort of written statement, unless you have waived that in favor of online or electronic ...
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  • 92.7k
5 votes

Bank manager withdrew funds from my account without my authority can I sue her and the bank

So, in short, the bank did what you asked them to do (close your account). What do you think they did that might be unlawful?
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  • 151k
5 votes

My bank sold a local branch to another bank, including my accounts, without my permission. Is that legal?

My first knowledge of it was that my debit card was declined. That is probably the only thing that you have legal standing to complain about. As pointed by Dale M, contracts can be transferred unless ...
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  • 20.1k
4 votes
Accepted

Effect of Multiple Names on Bank Account

You are talking about "joint tenancy." I am familiar with bank accounts having multiple owners characterized as "Joint tenants with rights of survivorship" (JTWROS). This keeps the account out of ...
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  • 20k
4 votes
Accepted

How was the $200,000 minimum income for accredited investors decided?

It's essentially a legally enshrined incentive for high net worth investors to supply capital, which is consistent with the other entities that qualify in § 230.501. It tends to come with increased ...
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  • 5,924
4 votes
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Felons Allowed Banking License & Right To Discriminate Against Other Felons?

They are still in business because they went to the agencies that regulate them and sought exemptions and waivers from the requirements that they not have criminal convictions. Certain highly ...
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  • 1,671
4 votes

Can I use a loan for something other than what I said I'd use it for?

Well ... the crime of fraud and the tort of deception. If you say you will do X and enter a contract on that basis knowing that you won't then that is fraud and it carries gaol time. Your bank could ...
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  • 151k
4 votes

Legal options for unauthorized access to bank account (and how to prove it)

As a general rule, if a business, like a bank, is legally required to keep information confidential, and an employee breeches confidentiality, then your recourse is to sue the business for damages. ...
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  • 160k
4 votes

Can a company legally disable a product on the basis it was acquired fraudulently?

The person getting the item by fraud didn't get any ownership. Therefore when you bought it, you didn't get ownership either. It's still the company's property, and they can do with it what they like (...
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  • 25.4k
4 votes

Under what circumstances can a banker cut your line of credit?

It's governed by your credit agreement or some similar document, which you surely signed as a condition of receiving credit. There was almost certainly a clause that said the bank could reduce or ...
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4 votes

Declining Binding Arbitration of credit cards and banks (after sign up)

Is there a way to specifically reach out to these card providers and opt-out of the binding arbitration? Sure, you can write and ask. But you've signed a binding contract to open an account (or ...
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