MSN Money: When banks turn evil - by Liz Pulliam Weston
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When banks turn evil - by Liz Pulliam Weston
Some 5,300 customers were recently sent e-mails by ING Direct USA telling them their checking accounts would be closed because of their low credit scores. Many of these customers were understandably disturbed, since there are plenty of ways your credit scores can plummet that have nothing to do with your ability to manage a checking account.The banking industry collects more than $50 billion a year in various service charges, more than twice the total of a decade ago. It's time we pushed back. Sometimes just shining the light of scrutiny on these policies is enough to get banks to back down. Other times, we need to protest, involve our lawmakers or even move our money elsewhere.
