Posts by mistybadger2

Looks like the power just cut out in Kyiv _?!

Michelle Bennett5 said:So you're telling me... if I have the exact same amount of debt as last month when I was still within my PERMITTED limits, I suddenly wake up next month and find myself in the SILENCED zone?
And with a way higher interest rate too?
All without getting a single written notice or anything?

Yeah. Pretty sure there was some tiny little notification about it. It popped up as an alert on my Chase app, I think.
But it was buried under so much fine print that I didn't even blink. Honestly, most people probably miss it too, given how many folks are dealing with that silenced overdraft status right now.

John Chase3 said:Don't talk nonsense, man. Are you even reading these threads?
It seems the definition of a silent overdraft has already been laid out clearly.
For anyone still struggling to grasp this:

A silent overdraft occurs when a bank makes funds available to a client that exceed their officially authorized credit limit.

That is specifically what they are trying to abolish here—not the authorized overdraft.

The guy spelled it out perfectly. Most banks set everyone's limit to zero and swapped the permitted amount for whatever was considered the standard limit back before the decision at end of 2017.
Basically, they pulled the same shady stunt on everyone.
The few people who caught onto the game—the minority—negotiated a legitimate permitted overdraft. Everyone else is stuck dealing with the unpermitted mess.
Most people didn't realize that behind all this jargon, they were essentially getting fleeced for an extra 30%.
Meanwhile, that snake of a Governor has been smirking about it for four years.
You really have to watch out for these banking bottom-feeders. Given how easily Americans can be misled and the sheer corruption in our government, these guys have found themselves a gold mine that most criminals could only dream of.

vividpilot14 said:So, what exactly is this "silent overdraft" nonsense at the end of the day?🙂 How can you claim this whole situation is being kept quiet when I can look at my banking app weeks in advance and see exactly how much my balance is going to drop? It shows me clearly that every six months, the fees just creep up. What am I supposed to do then? Should I just call Chase right at that moment and tell them to stop their silent assault on my account?

Look, there used to be actual authorized overdrafts where the interest rates were lower and everything was regulated properly. Then some new law or regulation came out regarding this "silent overdraft," which was supposedly meant to be an exception. But these vultures at the big banks probably figured the Fed wouldn't care if they just rebranded the old authorized overdrafts as "silent" ones and jacked the interest rates from 7% to over 9%...
Back then, you could actually get an authorized limit, but you had to go through a specific process to sign for it, so hardly anyone actually had one. Those people probably had inside info—likely bank employees or their buddies.
The rest of us, who make up the vast majority, didn't have a clue.
And now why is the Fed suddenly making a scene and acting all righteous? It’s definitely not because they give a damn about regular Americans. They probably just got chewed out over dollar stability, otherwise, these banks wouldn't dare pull this stunt domestically.
Just more proof of what a complete circus this country is.

https://www.federalreserve.gov/monetarypolicy/overdraft-regulation-news

driftingtinker said:https://m.facebook.com/story.php?sto...composer=false

In San Francisco today.

Honestly, Plenkišenka’s welcome felt a bit amateurish. The kids seemed pretty shy and the whole thing just lacked any real organization.

briskjackal5 said:Or maybe it's just all this huge fuss about trying to paint Filipović as some kind of typical party hack.

Because, I mean, apparently that happened too

-briskjackal5

They seriously owe him emotional distress damages. He didn't even do anything wrong; his sheer clumsiness just suddenly became a "feature" because their star candidate kicked the bucket...

Brandon Gomez2 said:B738.

👍

Brandon Gomez2, where the hell are you even flying right now?