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Texas Banking Questions & Answers
2 Answers | Asked in Banking for Texas on
Q: What to do when i revoke permission for automatic payments from a financial company, but they are still taking the money

I revoked automatic payments due to the funds not being there, and caked them to make a payment arrangement for the following pay day. After I made my payment manually, they still auto drafted the payment resulting in overdrafting my account plus an overdraft fee. This isn't the first time.

James L. Arrasmith
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answered on Jan 22, 2024

If a financial company continues to take automatic payments after you have revoked permission, you should first contact the company directly and formally. Provide them with evidence of your request to revoke permission, such as dates and details of the conversations or any written communication.... View More

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2 Answers | Asked in Consumer Law, Banking and Identity Theft for Texas on
Q: I'm concerned I might have some identification theft issues, Can you help with that?

I have made several scientific breakthroughs and provided them publicly and have had many security questions and issues related to it. I could use some legal guidance. Perhaps you could help?

Sheldon Starke
Sheldon Starke
answered on Jan 16, 2024

Privacy laws are generally determined on a state-by-state basis. However there are a number of federal laws involved in the subject matter. You also need those of us who are experienced in government because it is not clear exactly what the nature of your discoveries are or who they involve. There... View More

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2 Answers | Asked in Consumer Law, Banking and Identity Theft for Texas on
Q: I'm concerned I might have some identification theft issues, Can you help with that?

I have made several scientific breakthroughs and provided them publicly and have had many security questions and issues related to it. I could use some legal guidance. Perhaps you could help?

James L. Arrasmith
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answered on Jan 17, 2024

If you're concerned about identity theft, especially in the context of publicizing scientific breakthroughs, taking proactive steps is essential. First, monitor your financial accounts and credit reports regularly for any unauthorized activities. You can obtain free credit reports from major... View More

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1 Answer | Asked in Collections and Banking for Texas on
Q: I’m not sure what type of lawyer I need. Shell federal credit union is suing me for debt collection.
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answered on Jan 14, 2024

In your situation, seeking the assistance of a consumer protection attorney or a debt collection defense attorney would be advisable. These attorneys are experienced in handling cases involving credit unions and debt collection matters.

They can provide guidance on how to respond to the...
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1 Answer | Asked in Consumer Law and Banking for Texas on
Q: I have been approved for a 5000 dollar loan. They are asking for 3 payments upfront. Is that legit

They said the 3 payments are collateral and I won't have a payment for 3 months. I google the company name and nothing pulls up. Woodside lending solutions is the company name and address is 920 5th Avenue Seattle Washington.

T. Augustus Claus
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answered on Jan 12, 2024

Be cautious as the situation you described raises red flags associated with potential scams. Legitimate lenders typically do not require upfront payments for collateral on personal loans. The fact that the company's name does not yield any relevant search results adds to the suspicion. It is... View More

1 Answer | Asked in Banking for Texas on
Q: Chase and pnc banks stole my inheritance. I inherited JPMorgan securities and a vanguard ira
James L. Arrasmith
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answered on Dec 21, 2023

If you believe Chase and PNC banks have mishandled your inherited assets, such as JPMorgan securities and a Vanguard IRA, it's crucial to take immediate action. First, gather all relevant documents, such as the will, trust, account statements, and any communication with the banks. This... View More

2 Answers | Asked in Car Accidents, Consumer Law and Banking for Texas on
Q: I have auto loan on a car that has been totaled out more than 5 months ago.

Got less than 25%of the loan amount from the insurance settlement. I do not have gap insurance. I reported this to the lender but they are not ready to negotiate. I have been continuing to pay the monthly EMI all through just to maintain my credit. But now they added $4600( to my loan amount) as... View More

John Michael Frick
John Michael Frick
answered on Nov 17, 2023

Legally, you owe the lender whatever the balance is on your loan. Almost all auto loans also require you to maintain full coverage insurance on the vehicle and give the lender the authority to buy insurance and add the premium to your loan amount if you do not timely furnish proof of insurance to... View More

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1 Answer | Asked in Consumer Law and Banking for Texas on
Q: Which party should I send my adverse action too? The bank who denied my credit or the consumer reporting agency?

I applied for credit for dental work, only to find out that my promissory note had been shopped around to different bank who denied credit based on an inaccurate consumer report. However, I know the application is being securitized without any consideration to myself.

James L. Arrasmith
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answered on Nov 12, 2023

In Texas, if you've been denied credit based on information from a consumer report, you should address your adverse action notice to both the bank that denied your credit and the consumer reporting agency. The Fair Credit Reporting Act (FCRA) entitles you to a notice from the lender explaining... View More

1 Answer | Asked in Banking and Collections for Texas on
Q: I have been contacted by a law firm Bernstein and Binder saying there is a lawsuit for fraud against me by a creditor.

I have called them and they said they send a certified letter to me, which I never received. I have their phone number, but they wont send me anything about their law firm and wont email me the paperwork. I am retired and my former employer called to say they have received lawsuit papers on me... View More

James L. Arrasmith
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answered on Nov 9, 2023

If you suspect the law firm contacting you may not be legitimate, it's important to proceed with caution. Do not make any payments or provide personal information. You have the right to request written verification of the debt and the lawsuit. A legitimate law firm should provide you with this... View More

1 Answer | Asked in Banking and Gov & Administrative Law for Texas on
Q: I have a close friend who says he is holding a $100 million Federal Reserve Note that was issued couple decades ago.

I have seen it, it looks like old paper with some endorsements and seals on it. He says his father left it to him and he wants to cash it however I am not sure if it is a legit Federal Reserve Note. Did the Federal Reserve Bank ever print $ 100 million reserve note back in the day? If so, how can... View More

John Michael Frick
John Michael Frick
answered on Oct 31, 2023

The United States has never issued a federal reserve note in a denomination larger than $10,000. Denominations of $500 and larger have not been printed since 1945.

There are only a small number of $10,000 notes still in existence. Half are from the Binion hoard.

Your friend’s...
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2 Answers | Asked in Divorce, Family Law, Banking and Child Support for Texas on
Q: Will a bank account shared with a sibling or otherblood relative be protected from divorce requirements to divide wealth
T. Augustus Claus
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answered on Sep 1, 2023

In Texas, the division of assets during a divorce is generally guided by community property laws. Community property laws dictate that most property acquired during the marriage is considered community property and is subject to equitable distribution between the spouses upon divorce.... View More

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1 Answer | Asked in Banking for Texas on
Q: How can I get scammed money back? I was recently scammed out of 2500$ and my bank and the payment app are denying refund

I have filed a police report and contacted my bank same day. I provided screenshots and scammers information. Including the real company name and real employees names they were using.

John Michael Frick
John Michael Frick
answered on Jul 19, 2023

In most of these cases, you need to sue the individuals and/or companies that perpetrated the scam on you. In many cases, it can be very difficult to identify the scammers as they are often not in the United States. That can also make it very difficult to serve them when they can be identified... View More

1 Answer | Asked in Consumer Law and Banking for Texas on
Q: Can a bank withhold your mobile check deposit without any reason or answer as to why despite numerous phone calls

I deposited my check on Friday my receipt said the first 250 will be available same day the rest on July 5th. The 250 never showed up I've called everyday since then and no one can give me a reason why no one is willing to help and I have lost my storage unit my belongings and have late fees... View More

John Michael Frick
John Michael Frick
answered on Jul 5, 2023

No, your bank cannot withhold a mobile check deposit without any reason. It seems likely that there is a reason, but the individuals with whom you have been communicating do not know what that reason is or are prohibited from discussing it with you.

It is not uncommon that rank-and-file...
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2 Answers | Asked in Banking for Texas on
Q: I have to let my car go due to a blow out engine. But now tthey are saying they will come tow my 2nd car because of this

Can I refinance my 2nd car to another bank before they can do this? Even though I’m caught up to payments.

John Michael Frick
John Michael Frick
answered on Jun 13, 2023

My previous answer, of course, assumes that there is a valid agreement cross-collateralizing the loans. Your security agreement would have to include such a provision. Typically it would say something like "any collateral pledged to secure any obligation of Borrower shall also secure any... View More

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1 Answer | Asked in Banking and Consumer Law for Texas on
Q: Will taking me off as an auth user on cr-cards my husband opened without my knowledge remove them from my credit report?

I'm looking at divorcing my narcissistic husband. I need to know if his bad credit card habit is going to continue to drag down my credit rating and if I'm going to be stuck paying them. The cards were obtained without my knowledge, and he named me as an authorized user. Our finances are... View More

John Michael Frick
John Michael Frick
answered on Jun 1, 2023

There is a difference between having a joint credit card and being an authorized user on someone else's credit card.

With a joint credit card, two (or more) individuals agree with the company issuing the credit card to be jointly responsible for all charges made on the credit card....
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1 Answer | Asked in Banking, Elder Law, Health Care Law and Estate Planning for Texas on
Q: My brother is in control of my trusts. Power of attorney over my bank account. How do I get rid of power of attorney?

He is angry at me and has denied me funds. Also has been able to get information from my health insurance company, Aetna. Found out his address is listed on my bank and insurance information to be sent to him.

John Michael Frick
John Michael Frick
answered on Apr 18, 2023

You have two issues.

First, you say your brother is in control of “your” trusts. I assume you do not mean that you are the settlor of certain trusts, but rather that you are the beneficiary of certain trusts and your brother is the trustee.

You can have your brother removed as...
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1 Answer | Asked in Banking, Civil Litigation, Identity Theft and Estate Planning for Texas on
Q: (Texas law)I am disabled physically and my sister had taken over my trust how could i file charges and get my trust back

Halen is the wills name my grandmother left me this. In the will that was probated in 72 it says my estate will be left to (myname) as i was the only child when she died. in the estate it includes around 45k acres of land 5-15 million dollars and in 89 my father was my estate guardian and got... View More

John Michael Frick
John Michael Frick
answered on Apr 8, 2023

The settlor of the trust (in this case, your grandmother) chose the trustee and any substitute trustees in the event her first choice (presumably your father) does or is removed for cause. From your question, it sounds like your sister was the first substitute trustee selected by your grandmother.... View More

2 Answers | Asked in Consumer Law, Banking and Gov & Administrative Law for Texas on
Q: What are the most effective options to build a strong legal case against: ADT/SunPro Solar and Good Leaf the lender?
John Michael Frick
John Michael Frick
answered on Mar 2, 2023

Since Texas is a one-party consent state, record every conversation you have with every representative of each party. Keep the entirety of each recording and turn all of the entire recordings over to your attorney.

Do not sign anything unless it has been reviewed and approved by your...
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2 Answers | Asked in Consumer Law, Banking and Gov & Administrative Law for Texas on
Q: What are the most effective options to build a strong legal case against: ADT/SunPro Solar and Good Leaf the lender?
James L. Arrasmith
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answered on Mar 2, 2023

Building a strong legal case against ADT/SunPro Solar and Good Leaf will depend on the specific facts of your case and the legal claims you are pursuing. However, here are some general steps that may be effective in building a strong case:

Gather evidence: Collect as much evidence as...
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1 Answer | Asked in Banking and Social Security for Texas on
Q: Can I get my social security money if I’m now 18, but the money isn’t in my name ?

I started receiving SSI survivor benefits last year when I was 17. So, every payment was put in my grandmother’s name and also given to her but she always let me spend it on what I needed so that’s not the problem. The problem is when I started receiving these benefits, I got a lump sum as well... View More

James L. Arrasmith
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answered on Mar 2, 2023

You may be able to get your lump sum payment by contacting the Social Security Administration (SSA) and explaining the situation. It is possible that they can help you by transferring the money into an account in your name. However, the process may require some documentation to prove that you are... View More

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