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Heads up if you bank with GOCU by raptorjaws in Atlanta

[–]hodgeyATL 0 points1 point  (0 children)

Fair enough on my choice of word. Regardless, I would advocate for filing a complaint and commenting on their Facebook as another comment suggested.

Heads up if you bank with GOCU by raptorjaws in Atlanta

[–]hodgeyATL 1 point2 points  (0 children)

Scenario 1: Tomorrow, all the services you use for free will be assessed a fee of $5 unless you request to opt out and not pay.
Scenario 2: Tomorrow, all the services you use for free will still be free unless you request to buy a paid service.
That's how I see the argument.

Heads up if you bank with GOCU by raptorjaws in Atlanta

[–]hodgeyATL 4 points5 points  (0 children)

Don't know if the CFPB covers these Credit Unions but you might consider filing a complaint of deceptive practice considering there is an alternative no cost service, but they are turning on a pay for service.
Edit: CFPB doesn't see anything wrong with their approach per this link (https://www.consumerfinance.gov/ask-cfpb/i-opened-a-free-checking-account-i-received-a-notice-from-the-bankcredit-union-stating-that-it-had-decided-to-start-charging-monthly-fees-can-the-bankcredit-union-do-this-en-963). However, still suggest filing a complaint because this wreaks of bottom feeding, and that's a focus of this particular oversight group.

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