Bank of America Casts Wider Net For Hispanics Aiming New Credit Card At Illegal Immigrants

WSJ ^ | February 13, 2007 | MIRIAM JORDAN and VALERIE BAUERLEIN

[WestCoastGal]

"The credit cards involved aren't cheap. They come with a high interest rate and an upfront fee."

It's all about money..........I hope all LEGAL citizens change their accounts to a bank that would never think of doing this! Outrageous!

[mr_hammer]

"Guess who will pay for all the unpaid credit card debts?"

Ah, me the taxpayer?

[pikachu]

A year ago I called BofA to inquire about mortgage rates. A few days later I get checks in the mail. i did not ask to have a checking account opened. The the paperwork on my savings account that I never requested showed up. It took two weeks of calling to get them to STOP. I got the area fraud investigator's name, office address, and cell phone number. She DID NOT like me calling to ask what BofA was doing about the identity thief they had in their employ. I told her the state attorney general was going to love how I begged her and the BofA to close these fraudulent accounts without action -- that caused her to shut everything down.

BofA deserves to go broke with these cards for illegals but we all know 'savings and loan' McCain and 'the flying witch' Pelosi will not let that happen.

[ziggy_dlo]

You said it before I could. Let's just go and say we are Juan rodriguez and let's go waste some money. They will never catch us because there are millions of those names floating around.

We left B of A about 6 months back for the problem that occurred I believe in Cali. They guy had brought in a check that he had received for payment and he wanted to check the validity of it. It was a fake and they arrested him for it and the last I had heard he was suing them.
I used to think Wells Fargo or Washington Mutual were the worst but I was way off. B of A takes the cake.

[EEDUDE]

"But if an illegal alien defaults, what remedy is there?"

Write off the debt and raise your interest rates.

[satan]

My BofA Credit Card is issured by the US Government and I MUST use it for travel expenses.

[Hillarys Gate Cult]

And probably claim it on insurance.

[mewzilla]

Hope a terrorist never uses one of these cards...

Question for stockholders: Are you nuts?!

[ridesthemiles]

I had to present more information than ever before when I opened a new bank account 2 years ago. I had to have an original birth certificate, among other documents. When I questioned it, I was told it was FEDERAL rules since 9-ll.

How can Bank of America openly ignore the rules my bank is following?

Isn't there a site within the Federal Regularoty agency that affects Bank of America's license to do business that someone can post here so we can contact them and protest?
How about state banking laws???

This has to stop, IMO. Why should AMERICAN citizens who are being picked clean by illegal intruders over education, crime, medical costs be picked further clean by this?
BTW- if you are unclear in your area just how many illegals you have, look closely at your local drug stores and grocery stores. They are all working as agents for Western Union to send $$$ back to Mexico where there are illegals, etc.

[Ben Ficklin]

"......credit card debt, now they are going to load down illegals with it."

Being in debt is the "American way". An illegal's willingness to go into debt would be a measure of his assimilation.

[ridesthemiles]

At a time when many lenders are already experiencing a growing default rate already due to improvident real estate loans, this seems like economic suicide."

No economic suicide for them: They just pass on the costs to the rest of us. Just like the hospitals. And the schools.

I intend to talk to my bank next time I go there, and ask them about why I have to have so much documentation to open an account and B of A can be so cavalier about it.

[Afronaut]

Yes Mr. Sanchez, I will need a Drivers Lisence and a major credit card. ok thanks....

How many doors will now open for these folks now? They will be able to tap even more taxpayer freebies...

[ridesthemiles]

"Guess who will pay for all the unpaid credit card debts?"

Ah, me the taxpayer?"

Other account holders and the shareholders.

Seems there needs to be an effort to dump B of A stock over this issue.....

[ridesthemiles]

My BofA Credit Card is issured by the US Government and I MUST use it for travel expenses."

Contact all your state and local politicians and give them a copy of this thread.

If they are voting on spending in Congress, they need to know B of A is violating lots of rules.

[mr_hammer]

"Seems there needs to be an effort to dump B of A stock over this issue....."

Yes sir! Customers and shareholders must send a very loud message!

[P-40]

The credit cards involved aren't cheap. They come with a high interest rate and an upfront fee.

Well...when you have no intention of paying the bill, who cares what the rates and fees are? Sign me up!

[Coldwater Creek]

B of A bought my old card company. I used to bank with them in Calif., and vowed to never do business with Bank of America again.

This does it for me. I will be canceling my card that I have had for 16 years, and charge all monthly expenses on.

[aculeus]

What's in your wallet?

[mewzilla]

NOT BofA.

[Coldwater Creek]

22% interest will go a long way against the defaults!