Tuesday, March 27, 2012
Chase unemployment debit card ripoff is widespread
Besides Alaska, Chase customers include at least Rhode Island, Tennessee, Illinois, New York, MIchigan, Louisiana, West Virginia and Texas.
According to RIFuture,org, Rhode Island outsourced these payments with no charges to the state if the bank was allowed to charge fees for their use. In addition to the fee for bill payments I discovered, at least in Rhode Island the bank was charging a 50-cent fee to check a balance, $1.50 to withdraw funds more than once a week and $3 for using a bank out of the system.
The State Senate in Rhode Island in February voted to have the governor review the fees Chase is charging.
According to Felix Salmon, who blogs for Reuters, states actually sell contracts to manage the accounts to the banks in exchange for letting them charge fees. He also reports that California, for instance, has hearned $7.7 million from Bank of America for handling such accounts since December 2010.
The Huffington Post first ran an article in November 2011 about these fees and how they are cutting into unemployment benefits. This was the most comprehensive article on the practice I could find.
What happens is the states are selling out their own citizens in order to make a few bucks and move some of the work out of their bureaucracies. And, Alaska is not alone in the practice. As stated in the beginning, at least 40 states are doing it. If you start multiplying the fees by the number of unemployed in 40 states, the banks are pulling in huge numbers, all of that money taken directly from those who can least afford it.
Here's another link published 1/31/13 Banks force jobless to pay needless fees
Some interesting quotations
You know that I always just wanted to have a small ship to take stuff from a place that had a lot of that stuff to a place that did not have a lot of that stuff and so prosper. -- Jackie Faber, "The Wake of the Lorelei Lee"
If you attack the arguer instead of the argument, you lose both
If an insurance company won't pay for damages caused by an "act of God," shouldn't it then have to prove the existence of God? – I said that
I used to think getting old was about vanity -– but actually it’s about losing people you love. Getting wrinkles is trivial. – Eugene O'Neill
German General to Swiss General: "You have only 500,000 men in your army; what would you do if I invaded with 1 million men?"
Swiss General: "Well, I suppose every one of my soldiers would need to fire twice."
Writing is the only thing that when I do it, I don't feel I should be doing something else. -- Gloria Steinem
Exceed your bandwidth-- sign on the wall of the maintenance shop at the West Coast/Alaska Tsunami Warning Center
One thing I do know, if you keep at it, you usually wind up getting something done. -- Patricia Monaghan
Do you want to know what kind of person makes the best reporter? I’ll tell you. A borderline sociopath. Someone smart, inquisitive, stubborn, disorganized, chaotic, and in a perpetual state of simmering rage at the failings of the world. -- Brett Arends
It is a very simple mind that only knows how to spell a word one way. -- Andrew Jackson
3:30 is too late or too early to do anything -- Rene Descartes
Everything is okay when it's 50-below as long as everything is okay. -~ an Alaskan in Tom Walker's "The Seventymile Kid"
You can have your own opinion but you can't have your own science. -- commenter arguing on a story about polar bears and global warming
He looks at three ex wives as a good start -- TV police drama
Talkeetna: A friendly little drinking town with a climbing problem. -- a handmade bumper sticker
"You're either into the wall or into the show" -- Marco Andretti on giving it all to qualify last at the 2011 Indy 500
Makeup is not for the faint of heart -- the makeup guerrilla
"I'm going to relax in a very adult manner." --Danica Patrick after sweating it out and qualifying half an hour before Andretti
"Asking Congress to come back is like asking a mugger to come back because he forgot your wallet." -- a roundtable participant on Fox of all places
As Republicans go further back in the conception process to define when life actually begins, I am beginning to think the eventual definition will be life begins in the beer I was drinking when I met her. -- me again
Hunting is a "critical element for the long-term conservation of wood bison." -- a state department of Fish and Game official explaining why the state would not go along with a federal plan to reintroduce wood bison in Alaska because the agreement did not specifically allow hunting
Each day do something that won't compute -- anon
It's not about how many times you get knocked down; it's about how many times you get up -- Tim Tebow
I can't believe I still have to protest this shit -- sign carried by an elderly woman at an Occupy demonstration
Many people hear voices when no one is there. Some of them are called mad and are shut up in rooms where they stare at walls all day. Others are called writers and they do pretty much the same thing -- Meg Chittenden
Life should be a little nuts or else it's just a bunch of Thursdays strung together -- Kevin Costner as Beau Burroughs in "Rumor has it"
You're just a wanker whipping up fear -- Irish President Michael D. Higgins to a tea party radio announcer
Being president doesn't change who you are; it reveals who you are -- Michelle Obama
Best headlines ever
GOP congressman opposes gun control because gay marriage leads to bestiality
Owner of killer bear chokes to death on sex toy
Support for legalizing pot hits all-time high
Give me all your money or my penguin will explode
How zombie worms have sex in whale bones
Crocodile steals zoo worker's lawn mower
Woman shot by oven while trying to cook waffles