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New York Banking Questions & Answers
3 Answers | Asked in Banking, Civil Litigation and Social Security for New York on
Q: How to obtain legal representation to access account info related to a settlement in NY?

As an infant, I was involved in a legal case where Stewart T Schantz and Franklyn Engel represented and won a settlement due to an accident that killed my mother and injured me in Ulster County and Poughkeepsie, NY, between 1985-1995. I'm currently facing a significant hardship, and banks... View More

Jonathan R. Ratchik
Jonathan R. Ratchik
answered on Mar 21, 2025

If the accounts are in your name (or for your benefit), you shouldn't need any legal representation whatsoever. Proof of identification should be sufficient, i.e. driver's license, along with a copy of the court order pursuant to which the account was opened. That said, it's likely... View More

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3 Answers | Asked in Banking, Civil Litigation and Social Security for New York on
Q: How to obtain legal representation to access account info related to a settlement in NY?

As an infant, I was involved in a legal case where Stewart T Schantz and Franklyn Engel represented and won a settlement due to an accident that killed my mother and injured me in Ulster County and Poughkeepsie, NY, between 1985-1995. I'm currently facing a significant hardship, and banks... View More

Tim Akpinar
Tim Akpinar
answered on Mar 22, 2025

I'm sorry about your tragic accident. Try to find information about the file for your award as an infant. In New York, awards for infants involve hearings before judges and infant compromise orders - if you could track down that paperwork, it should be helpful to the bank in ascertaining your... View More

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1 Answer | Asked in Consumer Law and Banking for New York on
Q: I've gotten counterfeit money from a bank ATM. I went directly into the branch & was told its impossible. What can I do?

I've put in claims and they are denied. Basically I can't be reimbursed is what I'm told. Is this true? The error was on their end. I didn't go the any ATM. It was the actual banks' ATM.

Marco Caviglia
Marco Caviglia
answered on Feb 7, 2025

Interesting question. If you can PROVE that you received the phony money from the ATM, you may have a lawsuit for negligence against the bank which should be expert at spotting a phony bill, even a $20 one. You don't mention the amount, but I assume it wasn't more than a few hundered... View More

2 Answers | Asked in Banking, Business Law and Contracts for New York on
Q: How to dispute a charge with credit card company due to merchant not providing all services in contract.

Contract says "no refunds" but they didn't provide all of the services.

James L. Arrasmith
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answered on Mar 26, 2024

If you're facing issues with a merchant who hasn't provided all the services outlined in your contract, even though it states "no refunds," you can still dispute the charge with your credit card company. Begin by gathering all relevant documentation, including the contract, any... View More

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1 Answer | Asked in Banking for New York on
Q: Stripe has held my funds for 90days - can my lawyer send them a legal complaint even if their agreement allows it

What legal action can I take?

James L. Arrasmith
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answered on Mar 25, 2024

If Stripe has held your funds for 90 days and you believe this is unjustified, it's understandable that you would be concerned and consider taking action. Yes, your lawyer can send them a legal complaint regardless of the agreement's terms if they believe there are grounds for dispute.... View More

1 Answer | Asked in Consumer Law, Banking and Business Law for New York on
Q: How do I remove a delinquent/ charged off business credit card from my credit file for good?

My last payment on the credit card was 4/2020. I never made another payment because they closed my account. They recently updated it to a charge off on my credit report around 09/2023. Since this is a business credit card, how can I dispute it to be removed from my personal credit report for good?

James L. Arrasmith
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answered on Mar 20, 2024

First, check whether the business credit card was indeed under a personal guarantee. If it was, the delinquency could rightfully appear on your personal credit report. However, if the card was strictly under the business's name without any personal guarantee, you might have grounds to dispute... View More

2 Answers | Asked in Securities Law and Banking for New York on
Q: How can I get the $13k I have in a closed account that the bank refuses to send to me. Its been over a year.

Hi, I deposited a $13k annuity check into my individual brokerage account with ETrade, but the day it cleared my account was restricted pending ID verify. Phone camera was broken wouldn't take quality pics, so I knowingly altered and submitted a copy of an expired ID that was saved to my pc.... View More

James L. Arrasmith
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answered on Mar 2, 2024

It sounds like you're facing a frustrating situation with your funds held in a closed account. Given the complexity of the issue and the unsuccessful attempts you've made so far, it's advisable to escalate your complaint within ETrade's customer service hierarchy. This might... View More

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2 Answers | Asked in Securities Law and Banking for New York on
Q: How can I get the $13k I have in a closed account that the bank refuses to send to me. Its been over a year.

Hi, I deposited a $13k annuity check into my individual brokerage account with ETrade, but the day it cleared my account was restricted pending ID verify. Phone camera was broken wouldn't take quality pics, so I knowingly altered and submitted a copy of an expired ID that was saved to my pc.... View More

Allen Charles Frankel
Allen Charles Frankel
answered on Feb 29, 2024

Your issue may require a review of the terms and conditions that you agreed to when opening the account.

However, I would also recommend that you conduct a name search of the New York State Comptroller's Office of Unclaimed Funds. https://www.osc.ny.gov/unclaimed-funds. New York...
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1 Answer | Asked in Banking and Consumer Law for New York on
Q: I had a 17 year old car with 250,000 miles. I offered $3000 to credit union to settle. I voluntarily surrendered car.

They said no. They want $250 a month. I'm on social security. I can't pay. What do I fo

James L. Arrasmith
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answered on Jan 6, 2024

In your situation, it's important to communicate your financial limitations clearly to the credit union. Explain that you are on Social Security and cannot afford the $250 monthly payment. It's helpful to provide a detailed account of your income and expenses to show why the payment is... View More

1 Answer | Asked in Banking and Civil Litigation for New York on
Q: Homeless, can't receive bank's summons, how to proceed?

I'm currently being sued by a bank, and they are trying to serve me a summons. However, I am homeless, which makes it difficult for me to be served as I cannot be at a location to sign the summons. The bank has mentioned that if I'm not served, they'll proceed with the case.... View More

James L. Arrasmith
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answered on May 15, 2025

If you’re being sued by the bank but are unable to be served the summons due to your homelessness, it’s important to address the issue as soon as possible to avoid a default judgment. The bank may try to proceed with the lawsuit without you if they cannot serve you, but they are required to... View More

1 Answer | Asked in Banking, Tax Law and International Law for New York on
Q: How to bring inheritance in cash from Bangladesh to US legally?

I have an inheritance in the form of money in my registered bank account in Bangladesh. Due to restrictions, I'm unable to transfer the money internationally directly to a bank in the US, and I might have to convert it all to cash. I'm seeking a full breakdown on how I can legally bring... View More

James L. Arrasmith
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answered on May 15, 2025

Bringing inherited cash into the U.S. from Bangladesh is legal, but there are important steps you need to follow to avoid penalties and ensure transparency. If you are physically carrying more than \$10,000 in cash or monetary instruments into the U.S., you must declare it to U.S. Customs and... View More

3 Answers | Asked in Banking, Bankruptcy and Collections for New York on
Q: I can't afford my car loan payments. Car valued at $4,500, owe $15,000. What can I do?

I have a car loan with Credit Acceptance since February 2022, with monthly payments of $547, which I've been paying consistently. I was informed that I could refinance after one year, but multiple dealerships told me my car is only valued at $4,500, while I still owe around $15,000 due to high... View More

Timothy Denison
Timothy Denison
answered on May 5, 2025

Consult a competent bankruptcy attorney and decide whether your financial situation calls for a chapter 13 or chapter 7 bankruptcy, if any at all.

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1 Answer | Asked in Banking, Foreclosure, Real Estate Law and Collections for New York on
Q: How do I resolve a loan balance issue after foreclosure sale?

I obtained a mortgage loan from a bank 10 years ago, but failed to repay it, which resulted in the bank selling my house. I didn't receive any information regarding the sale, but recently, when I applied for a new loan, my credit report showed a write-off of the former loan. The new bank is... View More

James L. Arrasmith
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answered on Apr 12, 2025

It's understandable that you're concerned about the remaining loan balance after the foreclosure sale. The first step is to contact the bank to request a detailed statement of the loan balance after the foreclosure, including any deficiency amount that still exists. This will help you... View More

1 Answer | Asked in Banking and Contracts for New York on
Q: How can I remove myself as co-signer from a car loan in Canada?

I co-signed a car loan in Canada three years ago for a relative who needed help to get a car. The car loan appears on my credit as though I am jointly liable. I discussed options with the bank to get my name off the loan, such as paying off the car, selling it, or having my relative refinance under... View More

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answered on Apr 8, 2025

Removing yourself as a co-signer from a car loan in Canada can be tricky, especially if your relative is unwilling to refinance or pay off the loan. The first step you should take is to review the terms of the loan agreement. Without a copy of the contract, it might be difficult to fully understand... View More

1 Answer | Asked in Banking and Consumer Law for New York on
Q: A bank teller deposited a check for $3,740 instead of $2,740; tenant wants to pay less. How to resolve?

A bank teller at a local branch deposited a rent check for $3,740 into my checking account. The check was actually written for $2,740, but there was an error in entering the amount, with the number intended to be 2 being entered as 3. This error resulted in the check appearing as $3,740. The check... View More

James L. Arrasmith
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answered on Apr 8, 2025

To resolve this situation, the first step is to get in touch with the bank where the deposit was made. Explain the error in the deposit amount and ask them to investigate. The bank might be able to reverse the excess deposit or correct the amount on their end. Be sure to provide all relevant... View More

1 Answer | Asked in Banking, Securities Law, White Collar Crime and Criminal Law for New York on
Q: Considering legal action against BlackRock for KYC compliance negligence regarding Bitcoin ETF.

I am an investor in BlackRock and have been concerned about potential KYC compliance negligence and fraud since January 2025. I believe BlackRock violated KYC compliance regulations by selling a Bitcoin ETF, as Bitcoin lacks essential compliance elements such as a website, staff, address, email,... View More

James L. Arrasmith
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answered on Apr 8, 2025

If you're considering legal action against BlackRock, the first step would be to consult with a legal professional who has expertise in financial regulations and securities law. You’d need to gather concrete evidence supporting your claim that BlackRock failed to meet KYC compliance... View More

2 Answers | Asked in Banking, Consumer Law and Contracts for New York on
Q: Is this Canadian loan offering with upfront payments legit?

I got approved for a $5,000 personal loan from a private lender in Canada. However, I have terrible credit, so they said that, as collateral at 18 percent interest, I need to make 4 loan payments upfront before they deposit the loan. They provided me with a contract and require the collateral... View More

Jack Mevorach
Jack Mevorach
answered on Apr 1, 2025

Sounds like a scam. Don't do it.

Jack

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1 Answer | Asked in Immigration Law and Banking for New York on
Q: Need help speeding up asylum process and replacing lost EAD card after moving.

I am Ethiopian and currently in the waiting process for my asylum case in the United States and would like to expedite it if possible. Additionally, I need to replace my Employment Authorization Document (EAD) card ASAP because I never received it, even though USCIS shows they sent it. This might... View More

James L. Arrasmith
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answered on Mar 15, 2025

To expedite your asylum application, you can submit a formal expedite request to USCIS with clear reasons and supporting documents explaining why your situation is urgent, such as financial hardship or humanitarian concerns. Draft a concise letter detailing your circumstances and attach evidence... View More

2 Answers | Asked in Consumer Law, Contracts, Banking and Business Law for New York on
Q: I need a layer to represent me on a breach of contract, and in seeking damages.

I had an account with Payoneer.com, an online money platform, and they blocked my account, and they are refusing to disclose the reason why this happened. I am a professional specializing in AML (Anti-Money Laundering), PCI-DSS, Cybersecurity, and Secure Operating Practices. I have substantial... View More

Jack Mevorach
Jack Mevorach
answered on Dec 29, 2024

What are your damages? Jack

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4 Answers | Asked in Banking, Elder Law, Estate Planning and Securities Law for New York on
Q: Is there anyone NOT afraid to sue FIDELITY INVESTMENTS for elder abuse and breach of contract/ fiduciary duty?

for over a year fidelity has been holding my mothers money, she had a stroke named me as power of attorney snd they refuse it and now she has no access to her money and is sick and cannot pay her bills or get her medications etc because. they blocked her account she has been there for 40 Years and... View More

Benjamin Z. Katz
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answered on Oct 27, 2024

What is the reason they do not wish to honor the power of attorney? Was it drafted by an attorney on the New York Short Form? If it is a valid POA, they can be compelled to honor it. Otherwise, you would need to apply for guardianship of your mother.

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