Some of America's largest banks are under investigation again.
This time they're accused of bad bookkeeping, that may have cost credit card customers millions of dollars.
Bank of America, JPMorgan Chase, Citigroup and Wells Fargo are the subject of an investigation to determine whether the banks helped debt collectors pursue bogus judgements against credit card holders, according to an article from Reuters.com.
The nation's biggest banks are accused of poor record keeping, failing to provide accurate information to collection agencies, and not providing evidence that the borrowers owed money.
John Fisher is a senior vice president with Money Management International, a nonprofit organization that helps people in debt.
He says said that debt collectors will often put a lot of pressure on people to pay up, so it's not unreasonable to think that some consumers will pay money they don't owe just to make the collectors go away.
"Just the effort for consumers to learn what their rights are, and then go pursue their rights is challenging for them," said Fisher. "In some cases they simply make the decision that this is too much for me, and they are just going to pay it even when they don't need to. That might be their best economical decision, even when its not the right one."
Monday, May 20 2013 7:04 PM EDT2013-05-20 23:04:30 GMT
Aiken County deputies say they searched with New Ellenton police officers for two armed men who shot dogs on Sizemore Avenue on Saturday night. Aiken County deputies say they started searching for the suspectsMore >>
UPDATE: Police say they've arrested one of the two suspects who shot three dogs in a New Ellenton neighborhood Saturday.More >>
Monday, May 20 2013 6:09 PM EDT2013-05-20 22:09:50 GMT
The Sam's Club in Aiken opened its hiring center Monday morning. The new Sam's Club on Jefferson Davis Highway is set to open this fall. The store is looking to fill nearly 200 full-time and part-timeMore >>
The Sam's Club in Aiken opened its hiring center Monday morning. The new Sam's Club on Jefferson Davis Highway is set to open this fall. The store is looking to fill nearly 200 full-time and part-time positions. Club Manager Gerald they've already had 100 applicants before 11 a.m.More >>
Monday, May 20 2013 1:49 PM EDT2013-05-20 17:49:35 GMT
Two people are in the hospital after their motorcycle crashed while police were chasing them.South Carolina Highway patrol said the chase started just after 2 a.m. Monday. They said the motorcycle driverMore >>
Two people are in the hospital after their motorcycle crashed while police were chasing them.More >>
Sunday, May 19 2013 11:31 PM EDT2013-05-20 03:31:42 GMT
Relatives and dozens of Beech Island community members gathered today in front of Island Cuts Barbershop to remember Zann Worrell. "I was totally surprised and very happy that everybody came out becauseMore >>
Dozens of Beech Island residents gathered tonight to remember Zann Worrell, who was fatally shot in his barbershop on Saturday afternoon.More >>
Sunday, May 19 2013 4:20 PM EDT2013-05-19 20:20:12 GMT
One person has been transported to the hospital after being shot at Axis Barbershop in Beech Island. Aiken County dispatch said it happened around 2:30 p.m. Saturday. There are at least two suspects,More >>
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Sunday, May 19 2013 3:11 PM EDT2013-05-19 19:11:10 GMT
Richmond County Dispatch confirms there has been a stabbing at a Family Dollar. Deputies say it happened on the 2900 block of Dean's Bridge Road around 7:18 tonight. Information is limited at this tiMore >>
UPDATE: Richmond County investigators said Tonya S. Terry was stabbed several times in the chest area inside the Family Dollar on Dean's Bridge Road Saturday evening.More >>
Sunday, May 19 2013 10:04 AM EDT2013-05-19 14:04:50 GMT
Richmond County dispatch received a call around 7:20 a.m. that the Millbrook Apartment building was on fire located off of Skinner Mill Road. Firefighters were on the scene until around 8:30 a.m. No injuriesMore >>
Richmond County dispatch received a call around 7:20 a.m. that the Millbrook Apartment building was on fire located off of Skinner Mill Road.
Saturday, May 18 2013 7:23 PM EDT2013-05-18 23:23:19 GMT
A fundraiser was held Saturday in honor of Wesley Spires. Local firefighters held a boot drive to honor their fellow volunteer firefighter who remains in critical condition after he was beaten by whatMore >>
A fundraiser was held Saturday in honor of Wesley Spires. Local firefighters held a boot drive to honor their fellow volunteer firefighter who remains in critical condition after he was beaten by what investigators said was a bat along the Augusta Riverwalk on May 3rd.More >>
Saturday, May 18 2013 7:05 PM EDT2013-05-18 23:05:19 GMT
Instead of spending the day at the computer, some Augustans spent their day learning about it. People gathered at the Imperial Theater for Web Afternoon. Mayor Deke Copenhaver gave remarks about Augusta'sMore >>
People gathered at the Imperial Theater for Web Afternoon. Mayor Deke Copenhaver gave remarks about Augusta's growth in the technology sector.More >>
Saturday, May 18 2013 5:55 PM EDT2013-05-18 21:55:44 GMT
Michael Robert Bradford, an employee of DynCorp International, has been killed in Afghanistan.Bradford was a Grovetown resident, according to information from a DynCorp spokesperson.The spokesperson toldMore >>
Michael Robert Bradford, an employee of DynCorp International, has been killed in Afghanistan.More >>