Answer:
by Brian Crow:
The practice cost the Navy Federal Credit Union $28.5 million.
http://www.consumerfinance.gov/about-us/...ection-actions/
Short answer: No.
Answer:
by Ken Golliher:
No, squared.
Hold On Acct. to Recover Another Charged Off Acct.
Answered by:
Question:
Is it "legal" to place a hold on a checking account for a long period of time for a past due loan payment or to recover another charged off checking account? This may put the account with the hold on it in the negative.
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