Institutionalized Immorality: 11 Worst Atrocities Committed by Banks in 2011

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 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 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, has been advising consumers and

business owners on the perils of the credit industry since 2004. Under his guidance, 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 or to schedule an interview with Bill Hazelton,

please email Matt Hoff at More information and the entire report

can be viewed here.