It’s regulated on race / etc, it’s also (as written) potentially retaliation what happened to the family member. Credit is a resources and having old accounts be deleted like that causes real damage to an individual.
Fair on the reward abuse though. But to close ALL accounts?
Okay, but so is every other service open to the public. It also has nothing to do with this situation
>it’s also (as written) potentially retaliation what happened to the family member
But in no way illegal (or retaliation) to close associated accounts when terminating a relationship with a customer. The GP was probably once a joint account holder with the family member, or had them as an authorized user on their credit card.
>Credit is a resources and having old accounts be deleted like that causes real damage to an individual.
Okay... So? That doesn't make it somehow "a protected right," legally speaking. From everything I've read financial institutions have gigantic leeway to close accounts for basically any reason The personal experiences I've heard back this up.
>"Nobody has the right to a credit card, a bank account, a debit card or a merchant account," said Ulzheimer. "You have to earn it and the banks set the rules. If you are what they perceive to be too risky, they'll shut you down and you have no recourse."
>Fair on the reward abuse though. But to close ALL accounts?
When a financial institution chooses to end their relationship with your they generally end their relationship with you.
Fair on the reward abuse though. But to close ALL accounts?