Originally Posted by
garykung
Exactly.
CPFB complaint is basically pointless. Other than getting 1 more response, most companies' decisions are firm when they make it.
While I believe there is no need to file CFPB in OP's case which from the outset seems just risk assessment went wild, I dont agree with the statement "most comoanies' decisions are firm when they make it" especially in light of the closures on new accounts by Chase started a few months ago.
Have you read about the follow up by
Majo79? Chase reinstated his accounts. Hence the decision to close his accounts obviously are not "firm", as many Chase closures in recent months have been overturned when the risk assessment dept made a mistake and overreached.