Imagine a small town in Oklahoma (pop. 20,000- Ada, Anadarko, Chickasha, Lawton, Guthrie, Enid, for example) waking up on Sunday morning to discover all of their cars have disappeared. It's hard to imagine, right? That couldn't happen, could it? Well that's exactly what happened to twenty thousand Wells Fargo customers who purchased a vehicle and then had their vehicles wrongfully repossessed.
Are Big Banks Criminal Enterprises, or Just Petty Thieves? The Consumer Financial Protection Bureau (CFPB) issued a ten million dollar fine and ordered Bank of America to repay money it froze and then removed from customer accounts illegally.
The scenario is repeated all the time. You need surgery, you have insurance, you make sure the surgeon and hospital are in your insurance network, and despite your efforts you start getting collection calls and letters saying you owe hundreds or thousands of dollars for your medical care that is not covered by your insurance.