Arresting Customers for Closing Accounts, Illegally Harassing Widows Included In List
LOS ANGELES, CA - January 21, 2012 - The banking industry's bad habit of
illegally harassing widows for their deceased spouse's debt has won the top spot on the
CreditCardAssist.com list of the Worst Things Banks Did to Consumers in 2011. The
popular personal finance site declared an incident this summer where a Florida woman
was called by debt collectors constantly throughout her husband's wake to be the most
despicable banking act of the year -- but it was a close call. The article, which details
the most reprehensible actions of the financial industry in 2011, is intended to serve as
a warning to Americans planning on doing business with corporate banks in 2012.
"Despite new regulations that might lead consumers to believe that big banks are safer
than last year, the fact of the matter is that they're more at risk than ever before," says
CreditCardAssist.com founder Bill Hazelton. "The actions of the banking industry last year
were the worst that we've ever seen."
One Wall Street bank had customers arrested for trying to protest unfair policies by
closing out their accounts. Another caused a pregnant woman to miscarry by hounding
her for weeks and destroying her credit rating -- all over a check that the bank had
already cashed. Two major credit card issuers sued a small restaurant for $1.3 million
using data that they allegedly fabricated. In 2011, immorality became institutionalized in
banks across the country.
Hazelton expects continued upheaval in 2012 as more and more consumers look to
move their accounts from the large, national banking conglomerates to smaller locally-
owned credit unions. "The banking industry needs a wake-up call," he says. "Hopefully
the migration of customers will make it listen."
Bill Hazelton, founder of CreditCardAssist.com, has been advising consumers and
business owners on the perils of the credit industry since 2004. Under his guidance,
CreditCardAssist.com has grown into one of the leading credit card information resources on
the Internet and its on-site reports have been cited by the San Francisco Chronicle, the
New York Post, Yahoo! News and more.
To learn more about CreditCardAssist.com or to schedule an interview with Bill Hazelton,
please email Matt Hoff at Matt@contentfac.com. More information and the entire report
can be viewed here.