Complaint Review: Raymond Vinson - Citizens Tri County Bank - Phillip Smith

Any culture and any country has a ready supply of stories and adages for teaching children the values of society. As Americans, we have a full supply of adages ranging from "honesty is the best policy" to "the early bird gets the worm." These adages were designed to teach children the values of society and to teach children about proper behavior - and what would happen to children who didn't behave. Ben Franklin's "Poor Richard's Almanac" was a uniquely American tool for teaching values such as honesty, hard work, truth and generally making some form of contribution to the corporate good.

Now, however, financial institutions (citizens tri county bank), have lost sight of the original messages or changed for themselves what they mean "The early bird gets the worm" was advice to get up, get going, and work hard. Now, however, getting that worm - no matter what or how - seems to be the only part of that message that survives. financial institutions have become focused on the all-mighty dollar. Two hundred years ago, people became rich through hard and smart work. Winning was the art of seeing the opportunity matched with the skill and determination to achieve it. Winning meant working hard.

In recent decades, as illustrated by several recent spectacular failures, winning has taken on a different meaning. Winning seems to now mean getting rich very fast no matter what it does to whom. Getting rich, even at the expense of the consumer is more important than honesty,truth and doing business according to a code of ethics.

My goal is to prevent a few people from abusing their position of power to use the opportunity to enrich themselves at the expense of the consumer.
Perhaps what financial institutions need is a little more regulation and a few compliance examiners. Certainly it is time that they no longer be able to make up their own rules.

ethics, as someone so aptly put it, consists of, "choosing the good over the bad, the right over the wrong and fair over the unfair". Ethics is the integrity measure which evaluates the values,norms and rules that constitute the base for individual and social relationships, from a moral perspective."

How can those, who are paid to produce, honesty, knowledge and truth, deny the lower income consumer a fair shake, (even it that means denying a consumer a loan, keeping that consumers best interests in mind. Ethics of a financial institution can be defined as the rules of conduct that reflect the moral principals and standards of that institution including adherence to the principles of fairness and honesty. Simply put, ethics is knowing right from wrong, and then doing the right thing -- but "the right thing" is not always what the consumer wants to hear.

The banks delivers their pitch of promises of fair dealing and standards of good banking practice to the consumer, but rarely follow through. Between citizens tricounty bank, phillip smith, raymond vinson, the attorneys (who are nothing but the banks hit men) are in desperate need of some serious schooling on ethics, as well as our local tennessee government.

Bobby
south piitsburg, Tennessee
U.S.A.