Abusive bank fees.

Banks charged an insurance fee to customer that protects the bank. The customer lost her job, tried to have bank insurance canceled.
Bank refused saying "customer didn't contact bank immediately after she lost her job. This was banks justification for the continued charge.
Why is this allowed? Is it the power of banks? Bank lobby?
Citizens should have protection against this kind of abuse by banks!
Asked Apr 21, 2010
Edited Apr 21, 2010
What is an "abusive fee" to you is called "profit" at the bank. Speak the language all banks understand. Open a new account at a different bank and write a check for your entire balance into the new account with "To close account" written on the check. If enough people do that, they'll figure it out.
Answered Aug 11, 2013
Edited Aug 11, 2013

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