- Centurion Member
- Posts: 235
- Joined: Tue Mar 12, 2013 10:10 pm
- Location: United States
Well, the GS situation, to me (as someone who was a GS for years, technically still am as my mom bought me a lifetime membership), seems to rest on the fact that individual troops and councils, which are not high-dollar operations, end up responsible for fees, penalties, and unpaid sales. So, I don't necessarily blame them for turning it over to an agency to cut their losses.
But I do blame the bank for the error and the lax system for allowing such corrupt collection practices. I additionally blame the corrupt banking system for charging the *recipient* fees for the bounce. I gently persuade my tenants to pay me through EFT to avoid this specifically. If they gave me a check that bounced for whatever reason (bank error or lack of funds or anything else), my bank charges *me* $33. Um, say WHAT? Sure, I have it written into the lease that they will pay those fees should a check bounce, but there is no logical reason for MY bank to charge me that fee. MY account was not overdrafted. MY BANK suffered no harm other than sending a couple messages that the check was returned (automated, for sure, so their only cost was a few KBs of data). I don't even spend the rent until the funds clear, not that they give me access to the funds until they *do* clear (even more evidence they suffered no harm).
I'm fine with being held to a high standard of fiduciary responsibility. If only the same restrictions were placed on "too big to fail" corporations.
Target Visa $1.5K