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Rhode Island Banking Questions & Answers

1 Answer | Asked in Banking for Rhode Island on

Q: I applied for a small personal loan online at a local credit union. I was approved but never made it to the bank

to sign any paperwork or go through with anything. I missed the appointment because I had changed my mind. They still put the loan through with out me ever stepping foot in the bank and signing anything. She stated she will cancel the loan and it will take 3 months to come off my credit. I just... Read more »

Bruce Alexander Minnick answered on May 3, 2019

Wow. I do not ever recall being asked by any client how to handle a situation where a bank or credit funded a loan!

I cannot count the number of clients who wanted help trying to get a loan funded, not unfunded.

Answer: There is nothing "illegal" about this mistake, which no doubt...
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1 Answer | Asked in Banking, Civil Litigation and Identity Theft for Rhode Island on

Q: My cousin fraudulently opened a bank account in my name in 5/16 has the statue of limits already exceeded for acivil cas

Or a criminal case I was in jail when she did this to me she got into my bank account n opened another one over the phone n the bank cloned my signature

Neville Bedford answered on May 27, 2018

Lot of questions here - Were you under a conviction whilst in jail? (then you may have been civilly dead under the law) That will have some impact on the analysis. When did you discover the identity theft ? Did you file a police report? Put a lock on the three credit bureaus ? Was she prosecuted?... Read more »

1 Answer | Asked in Banking and Consumer Law for Rhode Island on

Q: RI Statute 19-9-2 does not appear to provide an exemption for federally chartered banks.

I know federally chartered banks are not regulated by the RI Department of Business Banking Regulations, but who else may I file a complaint with regarding a denial for payment/credit interest on funds held in escrow. Thank you.

Neville Bedford answered on Jan 22, 2017

Chasing the prevailing .04% rate will likely cost many times more than it is likely to yield.

Double check to make sure YOUR bank is not EXEMPT.

TITLE 19

Financial institutions

CHAPTER 19-9

Community Obligations and Banking Offenses

SECTION 19-9-2...
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1 Answer | Asked in Banking, Identity Theft and Consumer Law for Rhode Island on

Q: Are credit card banks required to return monies you charged to pay someone's bail but in fact we were being scammed?

My wife, of 58 yrs, received a call from her niece requesting help for bail money. This is a long story, I don't don't how much I can fit so I am keeping it as short as possible. I was told to buy 4 $500.00 iTune gift cards and send the numbers to a Florida police station before she was arranged... Read more »

Neville Bedford answered on Sep 19, 2016

I just reread the second posting of the same question. You were tricked BUT you legitimately purchased ITUNES cards. That is a problem. Contact the Itunes seller and see if they might be able to reverse those charges and cancel the cards. It is possible you may have no recourse as you were duped... Read more »

1 Answer | Asked in Banking and Consumer Law for Rhode Island on

Q: Would credit card bank have to return money you charged to pay someones bail then found out you were scammed?

My wife got a call on from someone whom she thought was her niece in FL. She said she had been arrested and needed $2000 for bail or she would have to stay in jail for 8 wks before a court day was available. I told the Sgt. he could use my credit card, he told me they could not use my credit card,... Read more »

Neville Bedford answered on Sep 19, 2016

Contact your credit card companies dispute resolution department and let them know you would like to dispute these fraudulent charges. Report the scam to the attorney general's office to help protect others.

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