Jim
Orlando,#2Consumer Comment
Mon, August 16, 2010
FDIC is NOT the regulator in a case such as described. I double checked. The FEDERAL RESERVE is!
Contact them! Contacting the FDIC will only be wasting your time and you will be refered to the FEDERAL RESERVE by them.
Ken
Hattiesburg,#3Consumer Suggestion
Thu, August 12, 2010
Contrary to Jim's arrogant assertion, the FDIC concerns itself with much more than failed institutions. I work for a financial institution supervised by the FDIC. If an unauthorized transaction is made on any consumer deposit account, we ask for a copy of the police report, require the customer to sign an affidavit, and generally credit the account that same day. Business accounts are not afforded the same protections as consumer accounts, but that doesn't mean you shouldn't file a compliant.
The suggestion about invoking the Federal Reserve is misguided. This customer should write the FDIC. Complaints may be filed online - https://www2.fdic.gov/STARSMAIL/index.asp or via mail:
I can tell you from experience that complaints are not ignored. The institution will respond to the FDIC.
Ken
Hattiesburg,#4Consumer Suggestion
Thu, August 12, 2010
Contrary to Jim's arrogant assertion, the FDIC concerns itself with much more than failed institutions. I work for a financial institution supervised by the FDIC. If an unauthorized transaction is made on any consumer deposit account, we ask for a copy of the police report, require the customer to sign an affidavit, and generally credit the account that same day. Business accounts are not afforded the same protections as consumer accounts, but that doesn't mean you shouldn't file a compliant.
The suggestion about invoking the Federal Reserve is misguided. This customer should write the FDIC. Complaints may be filed online - https://www2.fdic.gov/STARSMAIL/index.asp or via mail:
I can tell you from experience that complaints are not ignored. The institution will respond to the FDIC.
Karl
Highlands Ranch,#5Consumer Comment
Thu, August 12, 2010
then read 'Chapter 15', okay?
Jim
Orlando,#6Consumer Comment
Wed, August 11, 2010
Before you start mouthing off about an entity, its only COMMON SENSE you know what the hell you're talking about!
Do you know what the FDIC is? Nope! Do you know what the FDIC does? Nope!
The FDIC protects depositors in case of BANK FAILURE. FDIC has nothing to do with the fraud type case you outlined. Repeat...NOTHING!
You do have a bargaining chip however. If indeed you've heard nothing from WFC regarding this, contact the branch manager and tell him/her directly: "We've been very patient in regard to this matter. We've heard nothing from you and you've made no progress in this case. We have filed the required affidavit of fraud (assuming you did!) and now we want the use of our money. If you don't comply with our request, you leave us with no alternative but to bring in the Federal Reserve".
The Federal Reserve is the government body which regulates and enforces banking laws. Go to their website to find the office which services your area and do what they say.