Quote Originally Posted by [AK]Rocks View Post
So,, first I love the fees, they help the stock go up...
We had a strategic planning meeting last Saturday (Love getting up at 5:00AM for one of those on Saturdays...) and on Monday I was pulling fee schedules from various places. UNBELIEVABLE. I believe I sneezed while looking at Bank of America's website and they hit my credit card for a fee..... I hope it keeps up because in the long run, people will come back to credit unions once the yield curve straightens out and our competitive advantage takes hold. The banks, looking to increase revenue, will have to either raise loan rates, lower deposit rates, or increase fee income to achieve that goal. We still live off margin and reinvestment of income without the necessity of meeting demands of investors. It's tough now, but we still don't fee our members to death.


Back on topic - there is no reason whatsoever that account should have remained active once she notified the bank of fraud. Whether she was telling the truth or not is irrelevant, the account should have been frozen.