How you, and Challenge the Bank, can change Banking!

Banks don't show up in Small Claims Court,  You win by Default.  Add up all your overdrafts to maximize what the Bank will pay you..  

Banks will refuse to show up in court because they don't:

• have the personnel
  
• won't admit to any wrong doing - because if any wrong doing is documented in small claims, it will cost billions.

Now, you’re probably thinking—as most people think—”Sure, right. We can challenge our banks. We can fight them and actually win. And your reaction’s understandable. The way things are now, most consumers are caught between a rock and a hard place—and both alternatives cost you money! when

How it works

When a bank honors a check that exceeds an account balance then charges you a fee, the bank is extending credit.

LAW:     According to the Supreme Court, the term “‘interest’…includes any payment compensating a creditor or prospective creditor for an extension of credit, making available a line of credit, or any default or breach by a borrower of a condition upon which credit was extended. It includes, among other things, the following fees connected with credit extension or availability: numerical periodic rates, late fees, not sufficient funds (NSF) fees, over limit fees, annual fees, cash advance fees, and membership fees.” 517 U.S. 735, 740 (1996).

1. If you take your bank to small claims court the bank has to prove that charges were penalties.
2. If the bank were charging you for exceeding your account limits, banks would need to explain penalties to their customers.
3. If these charges were defined as penalties, banks would then have to disclose the direct costs associated with bounced checks or payments.

Thus, banks would have to prove their charges are not excessive.  If a bank were to admit in any small claims court that the direct costs of any overdraft is pennies on the dollar they would have to reduce their fees.  

 Banks will not show up in court because:

1. They don't have the time to fight in small claims.
2. If a bank were to disclose what it actually cost them to process an overdraft, they'd open themselves up to mass lawsuits.

Thanks to our Government who imposes an absence of regulation,  overdraft fees

• Banks have legal right to impose fees without limit (by including them in their deposit agreements with customers).

• Then Banks can set off the fees against the balance

 By simply joining our community, we have a chip in the game.  We can leverage our numbers to reduce cost per transaction.

Court Case

Smiley v. Citibank (South Dakota), N.A., the Supreme Court ruled that late-payment fees on credit cards were “interest” and “therefore the National Bank Act permit national banks to charge fees that are lawful in the state where the bank has its principal place of business rather than being limited by consumer protection laws of the state of the consumer to whom the fee is charged.” 517 U.S. 735, 740 (1996).

Through these and other “legal” forms of usury, banks collected upwards of $70 billion in fines and forfeitures on uncontested fees over just the past year and a half alone. Ignorant of their legal rights, confused and intimidated by banks and unhelpful courts, 99% of people simply pay up. You probably have, too, accepting that you yourself were at fault.

To traditionally change a law takes money.    Consider if you were to.....

• Move your money with several others
• Challenging Banks in Small Claims Court(s)
• Get reimbursed for past overdrafts
  

When Banks don't show up in Small Claims Court,  You win by Default....

Banks will make changes if they start loosing customers....  Money talks! 

Politicians aren't helping us.

How people spend their money as a collective is far more powerful than Politicians' words.... 

· ...if only one in four of the people who gets “hit” with one of these fees exercises their legal right to dispute these fees in small claims court.

·...one in four people collectively threatening to remove their money from a specific bank.

·...tens of millions of written statements and actions flooding into banks and small claims courts as we launch our campaigns to change the system.

·...the expressions on the faces of bank presidents, heads of credit card companies, lenders, and the banking industry as a whole as we unite our actions cohesively.

Recent national election results show clearly that the larger the electorate, the more people feel like they have a “say” in how things are run, and that their voices count. Millions of people who never voted before have decided to vote in recent years, if for no other reason than to feel like they have that “say.” And one of the most powerful agents for change is the mobilization of belief—the impetus that comes from thousands of people who formerly thought they had no choice but then come to realize that they, in fact, do.

We believe that Challenge the Bank, and the power it can represent when we all band together, can effect changes beyond what most of us may think possible as individuals.

We are powerful when we band together in large numbers. In the most basic business terms, each dollar we spend represents a vote—and how we spend our dollars dictates the terms we are willing to put up with. We have the power not only to shut the doors to businesses, but bring entire industries to their knees. What better way to change the way our money is handled than by pooling all our efforts?

• band together

• campaign together

• spend together

• move forward together...

Working as a force to be reckoned with, we ratchet up our levels of influence on banks, credit organizations, and lenders to force them to treat us, and our hard-earned dollars, with more respect!

Join the conversation...Join the community...Join the fight! Sign up today!