Well fargo immunity act
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Well fargo immunity act

  1. #1
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    Default Well fargo immunity act

    https://www.yahoo.com/finance/news/w...154053444.html


    Trump looking out for the little guy. Yea, Right.

    As an individual you probably can't take on the big institutions and they know that. If thousands of people are cheated, why shouldn't they be able to join together and maybe get back some of what they were cheated out of?

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    Senior Member wolfie's Avatar
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    Poor Jimbo is trying to think well beyond his capabilities again.

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    Quote Originally Posted by wolfie View Post
    Poor Jimbo is trying to think well beyond his capabilities again.
    It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
    As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

    Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.

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    Marine Organism Forkin' Crazy's Avatar
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    Quote Originally Posted by wolfie View Post
    Poor Jimbo is trying to think well beyond his capabilities again.
    And that doesn't take much. Poor lil' guy.... Or is he binary?
    "An armed society is a polite society. Manners are good when one may have to back up his acts with his life"

    - - Robert A. Heinlein

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    Quote Originally Posted by Forkin' Crazy View Post
    And that doesn't take much. Poor lil' guy.... Or is he binary?
    It would help if Ol'Forked wrote in sentences that made sense. What the hell is, "Or is binary?"

    As far as the other part of the reply where he is apparently agreeing with WOLFIE, I don't really care what happens to him or WOLFIE, but I care about what could happen to me and everyone else, but mostly me.

    What happened with Wells Fargo should never be allowed to happen. It benefitted a few people while it harmed or could have harmed a lot.
    How many know if they were one of those who had fake accounts created for them?
    To justify or protect that practice cannot be justified.

    What next, are they going to protect Trump University from class action suits, or will it be the auto industry and the Takata airbags or the telephone companies and them charging for things they are not entitled to charge for?

    Ol'Forked and WOLFIE can stick their head in the sand if they wish too, but with them it appears more likely to be up their ass.

  7. #6
    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by jimsplace View Post
    It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
    As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

    Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
    Hello contestants!
    Todays quiz involves the above statements from a less than mentally stable person.
    There are no less than 3 factual errors in his ramblings.

    First one to point them out wins! Bonus points for reckognizing the parts where factual errors are mixed in with a little editorializing to create a "double" error!
    Tommy
    Quote Originally Posted by Rexone View Post
    Tommy please remove all Jimsplace quotes from your sig and don't put more back. He doesn't like it and it is against the rules. Thank you.
    "So as through a glass, and darkly
    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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    Senior Member LiquidDan's Avatar
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    Quote Originally Posted by thatguy View Post
    Hello contestants!
    Todays quiz involves the above statements from a less than mentally stable person.
    There are no less than 3 factual errors in his ramblings.

    First one to point them out wins! Bonus points for reckognizing the parts where factual errors are mixed in with a little editorializing to create a "double" error!
    OK Alex......
    It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
    As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

    Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
    Originally Posted by gn7 "Stick to making the worlds best engine stand."

  9. #8
    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by LiquidDan View Post
    OK Alex......
    It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
    As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

    Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.
    Good job!
    less obvious is the statement "when Wells Fargo created all the fake accounts to boost their number"

    This implies it was a corporate decision and mandate, it was not.
    Tommy
    Quote Originally Posted by Rexone View Post
    Tommy please remove all Jimsplace quotes from your sig and don't put more back. He doesn't like it and it is against the rules. Thank you.
    "So as through a glass, and darkly
    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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    Quote Originally Posted by LiquidDan View Post
    OK Alex......
    It's people like you who will get hurt and never know it, now. When Wells Fargo created all the fake accounts to boost their number, it's possible it hurt your credit score. I am sure you didn't know it but every time you apply for credit, your credit score goes down. In this case, You may not have even applied for credit at Wells Fargo, but their creation of new accounts makes it appear you did.
    As an individual it isn't worth the cost to sue, but if everyone who was impacted sues as a group, it's possible to be compensated for damage that you are not responsible for. Unless you are made aware of the research to prove what happened you may never know why your score went down.

    Why would anyone make it impossible for those affected to be compensated for wrong doing, when these large institutions abuse the huge power they are already given? Maybe the next step will be to protect Universities from being sued in a Class Action Suit. You know, Like Trump University.

    Each of the items you posted in red is accurate. You apply for credit and it gets reported to the credit bureaus, and the more you apply, the lower your score becomes. When a company creates a new account, do you think it doesn't get reported as an application? How many people were aware the Wells Fargo was doing what they were doing? Not many. As more credit applications are made, your score goes down.

    There was no implication as to who was responsible in the organization, only that it would have been from Wells Fargo. It makes no difference who, how or why it happened, but it did, and it did not benefit the individual customers.
    THATGAY makes it sound as though corporate Wells Fargo isn't responsible. If thats's true, why is there now a law preventing consumers from class actions against the Corporation? Who would be accountable, if not the corporation?

    You can stick your head in the sand if you wish, and maybe you should. What you don't know won't hurt you. Or, maybe it could.

  11. #10
    Senior Member LiquidDan's Avatar
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    Look Jughead...Once again you change your wording!
    Here is what you initially posted..."but every time you apply for credit, your credit score goes down."

    Then the next post you add "and it gets reported to the credit bureaus"

    Quote Originally Posted by jimsplace View Post
    You apply for credit and it gets reported to the credit bureaus, and the more you apply, the lower your score becomes.
    Soft hits don't affect credit score only Hard hits do so your initial post is incorrect!

    Looks like your head has the sand box filled up so I will pass
    Originally Posted by gn7 "Stick to making the worlds best engine stand."

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    Quote Originally Posted by LiquidDan View Post
    Look Jughead...Once again you change your wording!
    Here is what you initially posted..."but every time you apply for credit, your credit score goes down."

    Then the next post you add "and it gets reported to the credit bureaus"



    Soft hits don't affect credit score only Hard hits do so your initial post is incorrect!

    Looks like your head has the sand box filled up so I will pass

    If you want to make that distinction, then you would be correct. However, if you actually apply for (New or increased) credit, it will still most likely be a "Hard Hit."
    If you'd like to clarify or add more to educate some of the people who don't know, it's Ok with me.

    In the mean time, i'm going out to play in my sand box.

  13. #12
    Senior Member LiquidDan's Avatar
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    Quote Originally Posted by jimsplace View Post
    If you'd like to clarify or add more to educate some of the people who don't know, it's Ok with me.
    I am only correcting the one who misstated the initial sentence...You!
    Originally Posted by gn7 "Stick to making the worlds best engine stand."

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    Quote Originally Posted by LiquidDan View Post
    I am only correcting the one who misstated the initial sentence...You!


    No, you're just being an ass
    .
    If you actually apply for credit, a hard hit will be run, with few exceptions. If someone walks up to you and asks to borrow a nickel You probably aren't going to run a credit check.
    So, I guess you win.
    Hard Hit

    A hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review. If you apply for a new loan,
    the bank will most likely want t
    o review your full credit history in their underwriting process. That results in a hard hit on your credit score
    A hard hit does impact your credit score. It is not a major factor in your score compared to payment history and credit balance used, but it does have an impact. If you have more than two hard hits per year, or a whole lot of recent hits, it is a signal that you are out there trying to get big credit lines. That lowers your score and desirability to lenders.


    Soft Hit
    If you are pre-approved for a credit card or insurance policy, that company ran a soft hit on your credit. A soft hit gives a limited view of your credit history.

  15. #14
    Senior Member LiquidDan's Avatar
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    Quote Originally Posted by jimsplace View Post


    No, you're just being an ass
    .
    If you actually apply for credit, a hard hit will be run, with few exceptions. If someone walks up to you and asks to borrow a nickel You probably aren't going to run a credit check.
    So, I guess you win.
    Hard Hit

    A hard hit takes place when your bank, credit issuer, future employer, or other company pulls your full credit report for a review. If you apply for a new loan,
    the bank will most likely want t
    o review your full credit history in their underwriting process. That results in a hard hit on your credit score
    A hard hit does impact your credit score. It is not a major factor in your score compared to payment history and credit balance used, but it does have an impact. If you have more than two hard hits per year, or a whole lot of recent hits, it is a signal that you are out there trying to get big credit lines. That lowers your score and desirability to lenders.


    Soft Hit
    If you are pre-approved for a credit card or insurance policy, that company ran a soft hit on your credit. A soft hit gives a limited view of your credit history.
    LOL...Typical Jughead!!!! Backed in to a corner and resorts to name calling again
    You are so fun to wind up because you're so predicktable.
    LOL

    Oh and BTW another correction for you
    Finally, if your employer does pull your credit report, you won’t need to be concerned about losing points from your credit score. It counts as a soft inquiry, so you won’t experience the temporary loss of points that, say, a credit card application would cause.
    Last edited by LiquidDan; 10-27-2017 at 10:03 AM.
    Originally Posted by gn7 "Stick to making the worlds best engine stand."

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