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Banking Questions & Answers
1 Answer | Asked in Banking for Illinois on
Q: Regulations against banks refusing loans, but forcing people to use credit cards at higher APR. Consumer protection?

My bank has refused car loans and then refused a lower motorcycle loan, so I could have transportation after lease end. The amounts were $12,500 & $11,164 - then 3rd app was for $8,500.

All refused due to "too many inquiries. While that bank was the only inquiry on the credit reports.... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Apr 3, 2020

No. American banks can refuse loan applications for any financial reason--whether you think it is the right decision or not. Learn this lesson right now:

ALL banks are ALWAYS looking out for THEMSELVES first, not for their customers. Banks do not care about you, nor do they want your...
Read more »

1 Answer | Asked in Banking and Business Formation for California on
Q: How much would Patrick Moimoi sell his brand name Oua
Tim Akpinar
Tim Akpinar answered on Apr 1, 2020

It's unlikely that anyone here would know that. Good luck

Tim Akpinar

2 Answers | Asked in Bankruptcy, Banking and Civil Litigation for Texas on
Q: My husband and I have our finances separate. We file jointly for taxes. Can I file individual bankruptcy.

We file jointly because of a nuance in student fedloans that prevents us from filing separately. I am completely broke and have accounts closing out.

I need to file, we have no joint assets- the only joint thing we have is our taxes. I fear that because our taxes are joint that it may... Read more »

Mr. J. Thomas Black
Mr. J. Thomas Black answered on Apr 1, 2020

You can file bankruptcy without your husband, whether you file taxes jointly or separately. However, if your debts are primarily consumer debts, and you are married and living together, his income is counted in the "means test" that determines if you qualify for chapter 7 or the minimum plan... Read more »

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1 Answer | Asked in Banking, Civil Litigation and Constitutional Law for New Hampshire on
Q: What standing does the 14th amendment have over any type of bank debt ? My understanding is debt occured that is funded

By the European Cental Banks (Fed is funded by those banks) are unconstitutional under the 14th amendment ?

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 30, 2020

The fourteenth amendment does not apply to any sort of "bank debt" per se--European or otherwise. The fourteenth amendment--among many other things--protects all individuals subject to the Constitution--and certain entities--from a state government "taking" of property without "due process of law."... Read more »

1 Answer | Asked in Banking, Business Law and Employment Law for Illinois on
Q: The company pay date Is today for my time owed me. They say there will be a “delay”. What can I do to get my money?

This company has been using payroll checks that can’t be cashed because of insufficient funds for over 3 months now

Robert Shipley
Robert Shipley answered on Mar 27, 2020

Based upon your description I would recommend that you contact the Illinois Department of Labor and make a claim for the salary/wages you are apparently owed which have not been paid for three months. Here is a link to the website: https://www2.illinois.gov/idol/Pages/Complaints.aspx... Read more »

1 Answer | Asked in Banking for California on
Q: Can a lawyer open up a bank account for me in the USA? I'm foreign and need a USD account.

I'm Swiss, living and working in Mexico. I need urgently a USD account for my business (not company but registered as physical person with economical activity in Mexico). Is it possible to hire an attorney (or someone else) to open up a bank account in my name in the USA?

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 26, 2020

What you are asking for is fraught with suspicion--and possible danger--both for you and for any lawyer willing to try to help you. There are legitimate ways for foreigners to hire lawyers in the United States; I have several international clients. And there are also ways that the lawyer you hire... Read more »

1 Answer | Asked in Banking for Tennessee on
Q: my mother takes all of my money from my bank account, can i sue her for financial abuse?

Hi. i’m 19 and still living at home with my parents not by choice. my mother takes all of my money from my bank account preventing me from moving out. she also has forced me into giving her my information to my logins for my college classes and reads all my emails. is there any way i could sue... Read more »

Shanone Emmack
Shanone Emmack answered on Mar 26, 2020

If your name is solely on the checking account then your mom is not allowed to take the money without your permission. If she does, it can be considered theft and you can call the police and report it. If it is a joint checking account with your mom's name then it is her account as much as yours.... Read more »

1 Answer | Asked in Consumer Law and Banking for Wisconsin on
Q: I'm having consumer protection issues

I filed a report with Federal Consumer Protection Bureau

Nathan DeLadurantey
Nathan DeLadurantey answered on Mar 26, 2020

I would need more details to be able to assist you. I recommend looking for a consumer lawyer that offers free consultations and calling them up for advice.

1 Answer | Asked in Banking, Business Law and Civil Litigation for Florida on
Q: Bank provides multiple incorrect account numbers resulting in no income for two weeks and $100 in wasted stationary.

I opened a business checking account and was provided with an account number over the phone. I gave this to my credit card processor. I later found out this account number was one digit two short. My CC processor asked for a letter from the bank to unfreeze my bank account. They provided that... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 23, 2020

Find another bank.

1 Answer | Asked in Banking, Civil Litigation, Bankruptcy and Civil Rights for Texas on
Q: If you paid off your account and the lawyer put a lien on my bank account. I have summited the paperwork already to him.

My wife payed of the account with another lawyer firm but this lawyer never did the research and froze my bank account how long will it take for him to release my bank account and give us our money back. Also can I file a suite against him

Timothy Denison
Timothy Denison answered on Mar 21, 2020

If you owed no money on the debt at the time the bank account was seized, you may have a claim for wrongful execution against the lawyer.

1 Answer | Asked in Banking and Bankruptcy for Texas on
Q: lawyer has a lien how long with it take from them to release your bank account after they settle on payment a month
Timothy Denison
Timothy Denison answered on Mar 21, 2020

Give or take, about 30 days, yes.

1 Answer | Asked in Banking, Contracts and Probate for Alabama on
Q: Question about obligations as a seller in a contract for deed

I am the Executor of my fathers estate and he was the seller in a contract for deed. The 5 year contract has come to an end and the buyers bank is requesting me to fill out a Verification of Mortgage. The buyers bank told me without the VOM the underwriter will not give the buyer the loan. I've... Read more »

Mr. James Parrish Coleman
Mr. James Parrish Coleman answered on Mar 16, 2020

You wrote "I've been advised by counsel." You are represented by a lawyer. Listen to her or him.

2 Answers | Asked in Admiralty / Maritime, Banking and Tax Law for Texas on
Q: If a person is employed by a corporation and that person is then released from said corporation unethical

I was misinformed about my job duties, requirements, and compensation by my direct supervisor. When I attempted to gain clarity I was informed that I was being released due to the fact that I was on parole. This information was delivered verbally from company supervisor in corporation's... Read more »

David Ostrove
David Ostrove answered on Mar 15, 2020

You are entitled to a fair and complete explanation. You may contact the state labour board and request a hearing. A local labour law attorney who handles employees' claims may be helpful to you. You should request a full explanation from your former employer IN WRITING. Ask for a complete written... Read more »

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1 Answer | Asked in Banking and Contracts for Alabama on
Q: I am the seller in a contract for deed, am I required to fill out a Verification of Mortgage?

I am the Executor of my fathers estate and he signed a contract for deed 1.5 years before he died. The 5 year contract has come to an end and the buyers bank is requesting me to fill out a VOM. The buyers bank told me without the VOM the underwriter will not give the buyer the loan. I've read that... Read more »

Mr. James Parrish Coleman
Mr. James Parrish Coleman answered on Mar 14, 2020

Required by whom? What is a "Verification of Mortgage" Probably, you have entered into a contract for deed (which is a lot tricker that you might think). Does the contract for deed violate the terms of any existing mortgage on the property? Will the "contract for deed" make the existing mortgage... Read more »

1 Answer | Asked in Banking, Car Accidents, Contracts and Small Claims for New York on
Q: I traded my car in, they still haven't paid it off, and it will default on a few weeks. What can I do from here?

Long story short, I traded my car in back in December and it still hasn't been paid off over three months later. In response to one of the answers received: the plates were taken off and registration WAS cancelled. In January, I received a letter stating that the car was involved in an accident... Read more »

Michael David Siegel
Michael David Siegel answered on Mar 14, 2020

When you traded in, you should have taken the plates and canceled your registration. Sounds like you left the plates on, which is your fault, and the part of the scam here.

1 Answer | Asked in Banking and Securities Law for Florida on
Q: How serious is it if somebody who has a series 7 license opens an account in my mine and then cashes out the profits?

I have discovered that my spouse forged my signature to open an investment account in my name and then cashed out and I don't know where the money went. Is this something I should report to his employer? The company in which is opened the account?

So far I discovered he opened an account... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 11, 2020

This is called stealing. And if the person who did the stealing is a licensed security salesperson there are several more crimes being committed. You need to START with the company; and you must tell them everything--not just the stuff you do not like.

2 Answers | Asked in Banking, Business Law and Insurance Defense for Florida on
Q: work comp insurance thru a payroll company.

Hello I have a small business with a work comp insurance thru a payroll company. I had a injured worker and the payroll company was paying the injured working. Without telling me the payroll company started paying the injured work thru my bank account. The total they have taken out of my account... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 10, 2020

This may not be the advice you are seeking but I am giving it to anyway--because you really need it:

The main difference between successful small businesses and those that fail within a relatively short period of time is good legal advice. The owners of most successful small businesses...
Read more »

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1 Answer | Asked in Banking for Florida on
Q: I was over charged at closing by $60,000.00. It took five months to get it from my bank. Am I entitled to interest?
Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 10, 2020

Not from the bank; why? Because the bank did not cause you to lose any interest. If you want to recover the interest you "lost" you will have to try to get it from the buyer, or the Realtor or the Title company. BTW: The interest earned on the $60,000 during the 5 months will probably not exceed... Read more »

2 Answers | Asked in Banking, Collections and Social Security for Michigan on
Q: Is it legal for my savings acct. ( DIRECT DEP from soc sec) to be garnished by credit card company?? FACTS/background

Joint acct, social security check made out to me for the care of my husband. The only money that goes into this acct is his ss check.

The garnishment was against me not him.

4k was taken without my knowledge. I didn't receive garnishment writ as they stated. I was told I have 14... Read more »

Adam Alexander
Adam Alexander answered on Mar 9, 2020

If these are the only funds in this account, you should retain a lawyer to file an objection to garnishment. Exempt funds is just the kind of argument that a judge will listen to. However, if there are commingled funds, the analysis is more complex.

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1 Answer | Asked in Banking for New York on
Q: My mother passed away there is no will I live in ny and her bank account was in Florida . How do I get access to account
Bruce Alexander Minnick
Bruce Alexander Minnick answered on Mar 9, 2020

If your mother lived in Florida before she passed away you may need to hire a Florida lawyer with banking law experience as well as probate experience to help you.

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