Customers grapple with deposit delays at big banks
Customers grapple with deposit delays at big banks
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Customers grapple with deposit delays at big banks. What it means for you
4 comments
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Our society is built on a precariously stacked group of toothpicks. It's fucking stupid
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The Fed reported a processing issue with the Electronic Payments Network, a private sector operator for Automated Clearing House, or ACH, a network that processes transactions.
“There was a processing error with an ACH file last night; it was a manual error associated with the file,” said Gregory MacSweeney, a vice president and head of communications at The Clearing House, the banking association and payments company that owns the EPN processing system.
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How was there a deposit issue and not a withdrawl problem? That's a little suspicious.
You rent. Your corporate landlord is not a lender. Therefore you are stuck because you didn’t meet your payment obligations on your lease contract.
It sure is interesting to see mortgage lenders are having to be more lenient than landlords. That’s brutal.