If the facts are exactly as presented, account closed because Chase's automatic payment system failed to take a payment, Chase is looking at a material liability that needs to be disclosed to regulators and shareholders. This type of error would affect many customers.
Do you honestly believe banks are compliant with the law in the maximum possibility? IMHO - Banks will break the law whenever possible, as soon as its benefits overcomes its costs. Case in point - Chase just settled a class action related to ECOA, specifically related to "previous unsatisfactory relationship". Not including Chase's side of cost, the cost of Chase's settlement is less than $250,000.
Originally Posted by
kb1992
I might simply transfer 1 million UR points to my wife's CSR account.
Is transferring to my son's CSR account permitted?
I believe so. It is still household member AFAIK.