Article

2020-04-17 Economy

USAA will stop seizing troops' coronavirus stimulus checks after public outcry

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2020-04-17 07:51|| || Front Page|| [8 views ] Top

#1 USAA passing along their losses to other paying customers, how very WOKE. Nothing personal, it's just the insurance business.

Posted by Besoeker 2020-04-17 08:02|| 2020-04-17 08:02|| Front Page Top

#2 Like AARP, you are a traitor to your fellows if you don't sign up.

Posted by M. Murcek 2020-04-17 08:05|| 2020-04-17 08:05|| Front Page Top

#3 Actually that's the credit card business. Why do you think besides skimming the interest rates stay high? Give cards to totally unqualified people who run up debt and then discharge it. Other users bear the cost, not the company. Don't give the cards to any applicant and they're declared racists and elitist (which they may be indeed), but its not good PR.

BTW, to our uniform personnel who are in debt, failure to honor just debt is the basis for UCMJ action. Have to make good faith effort to avoid such action.

Posted by Procopius2k 2020-04-17 08:17|| 2020-04-17 08:17|| Front Page Top

#4 Ref #3: BTW, to our uniform personnel who are in debt, failure to honor just debt is the basis for UCMJ action.

If your Special Security Officer (SSO) is on his or her toes, your security clearance will likely be suspended as well.

Posted by Besoeker 2020-04-17 08:39|| 2020-04-17 08:39|| Front Page Top

#5 They are talking about checking accounts, not insurance. If your BofA account is overdrawn and the USG puts $1200 in it, they will take it too. This is a bullshit hit job on USAA, which by the way, refunded 20% of premiums to their insured customers...

Posted by 49 Pan 2020-04-17 11:10|| 2020-04-17 11:10|| Front Page Top

#6 Good point, Besoeker. Of course, self-reporting will go a long way. But we've been down this road before with the mortgage insanity 10 years ago or so and the bankruptcies that followed.

I thought USAA had a good reputation. But, it is a business.

Posted by Clem 2020-04-17 11:17|| 2020-04-17 11:17|| Front Page Top

#7 Re how it treats customers, USAA has the best reputation in banking. This seems like another hack journalist hitjob.

Posted by Lex 2020-04-17 11:24|| 2020-04-17 11:24|| Front Page Top

#8 Good point, 49.

Posted by g(r)omgoru 2020-04-17 11:27|| 2020-04-17 11:27|| Front Page Top

#9 USAA may be top flight in regard to their. banking business (I have no way of knowing), but many of us in Real Estate despise their lending arm. They treat contract closing dates as optional, and move at a snail's pace. I've heard customers complain about their home insurance products as well.

Posted by Crusader 2020-04-17 12:05|| 2020-04-17 12:05|| Front Page Top

#10 Ref #5: USAA, which by the way, refunded 20% of premiums to their insured customers...

That they did.

Posted by Besoeker 2020-04-17 12:08|| 2020-04-17 12:08|| Front Page Top

#11 Navy Federal is better for banking.

Posted by Marilyn Tojo7566 2020-04-17 16:44|| 2020-04-17 16:44|| Front Page Top

23:31 Dr. Wheat Faartz007
22:26 Texhooey
22:22 Thing From Snowy Mountain
22:15 Lex
22:11 Lex
22:08 Lex
22:00 Frank G
21:58 Frank G
21:51 gorb
21:50 Clem
21:45 Besoeker
21:43 Alaska Paul
21:36 Clem
21:34 Besoeker
21:19 Clem
21:00 Whiskey Mike
20:57 Chris
20:53 Whiskey Mike
20:46 Alistaire Tingle9882
20:40 Clem
20:38 Clem
20:35 Bob Grorong1136
19:59 Besoeker
19:58 Cochiti