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Red Tape - Huge Eurobank, rated 'Britain's worst,' now accused of gouging US consumers:
'via Blog this'
USA Today Names Jamie Stockwell as Next Top Editor
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Ms. Stockwell, who recently left The Washington Post, is the third person
named to the job in the past three years.
43 minutes ago
Seed Newsvine
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By Bob Sullivan
ReplyDeleteThe accusations are as outrageous as they are plentiful: Hundreds of “robocalls” -- in one case, 800 to a single person -- to collect auto loan debts; illegal repossession of cars from active duty military deployed overseas; late fees assessed three years after the fact and then compounded into $2,000 or $3,000 bills; harassing calls to friends, neighbors, co-workers -- even children -- on cell phones. And now, a flurry of lawsuits filed around the country, and lawyers fighting over potential clients.
The defendant in the lawsuits is Europe’s largest bank, Banco Santander S.A., which is preparing to make a big push into U.S. retail banking. But many Americans already have been introduced to the Spanish financial powerhouse, a first encounter that many liken to a nightmare.