Wednesday, February 11, 2009

Cavalcade of Capitalists: Bling of America Employees "Incentivized" to Trick the Bereaved into Paying Deceased Relatives' Debts

There's got to be a special place in hell reserved for the usury bosses at Bank of America. The grieving son of a mother who died of cancer was told by a New England branch of Bank of America that he should pay off her remaining debt, because that unpaid amount (less than $1,000) was contributing to the current financial crisis.  TPM followed up to discover from a former BoA employee that collection associates are coached by supervisors to deceive relatives into believing that the debts of the dead are their obligation.

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