It's TD Bank, one of the most morally compromised institutions in Canada: -They just got fined in the US for suspicious transactions. -They met secretly with Trudeau's finance minister (who also moonlights as a WEF executive) to suggest she freeze bank accounts during the freedom convoy -On schedule, they'll be out there next month blasting how moral they are for promoting the groomer movement. -And yes, many Canadians know of how much they love to nickle and dime you with fees
@@ShaggyRogers1 Lawyers should know that, making their inclusion in documents where they're invalid malicious and evidence of intent to intimidate or extort the wronged party.
@@gaiustacitus4242classified docs and information are on a whole different level. Classification/Declassification is used to cover criminal activity "legally" without NDAs
@@gaiustacitus4242 DOJ/DOD classified materials are the only NDA's that are relatively bullet proof, because it is government info. NDA's do not protect against the dissemination of info on illegal activities, because contracts involving illegal activity are void.
This. They have been charging this fee in a stealth manner for some time now relying on people to not notice since it's so small. Last thing they want is for word to get out prompting customers to scrutinize the transactions on their bank accounts. Jokes on them though with this result LOL.
Back in 05 I had a dispute with a car dealer that ended after the used car manager assaulted me. Long story short, they sold me a truck that had been totaled, rebuilt, and its title got washed and I caught them. All I wanted was my truck fixed. They wanted me to sign an NDA. I told them if they fix my truck I'd sign it. They fixed my truck and I sent the NDA back to them unsigned. In red pen I wrote: "you lied to me, I lied to you, we're even." I never heard from them again.
Great story! Ive been looking at used cars with / for my daughter. I tried telling her it's a battle , but she didn't believe me. She just thinks I'm crazy. We're both right.
@@jupitercyclops6521 I cheated with my daughter. I bought a $400.00 '94 Toyota Camry. My daughter tried turning her nose up to it until I told her it was intended for her to practice in. If she wrapped it around a pole, no big loss, and it's a minimum of $1000.00 trade in value. She traded it in on a 02 Ford Focus, and is now responsible for the additional cost of the car. She's got 6 more payments... I tried to make it a life lesson, not break the bank, and still let her "Pick out her own car".
@@Rooln1 I agree on the point of naming the dealership. The dealership is a company already posted in the public realm. Doxing the individual though... Just because you work somewhere doesn't always mean you really WANT to be represented by your job, sometimes it's just what you have to do to eat. Granted this incident is portrayed a bit different, but we're still only seeing one perspective.
it's not petty if you add up all the fees for all their clients. just like you getting cheated on 4% of food by weight at a grocery store is not petty crime
When my local bank was acquired by a regional bank a couple years ago, the "new" (to me) bank soon thereafter sent me a letter to inform me that they were changing the rate of the existing CDs I had opened with the original bank. I was astounded, and immediately wrote them a letter informing them that a CD was a legal commitment which defines the terms under which I loaned them money, and that if they followed through on their intent to violate those terms, I would pursue legal action. A short time later, I got a letter informing me that they were going to honor the terms of the CDs as a 'customer-centric gesture'. Their ignorance convinced me to not renew my CDs with the regional bank as those CDs matured. A half million dollars of deposits is obviously of no concern to a regional bank, let alone to a larger bank. Never underestimate the arrogance of banks.
@@Bdamazyn You seem to be implying that it would be wrong for him to take more? Why is that wrong? In both cases it's the bank changing the terms. The purpose of the CD is to earn more on your savings. In his case he didn't agree to new contract terms. Why are you on the side of a multimillion dollar entity that wants to screw him out of his money?
"Purely for documenting" sounds a lot like, "I need your ID!" - even when you're not involved in anything questionable. I love that he recorded the phone call. That actually made me laugh.
Best part of that is, when they inform you that you are being recorded, as required by law, they also consent to being recorded. So the bank had no way to keep that recording out.
I had an auto dealership service dept pull a fast one on me. Their repair ($1350) didn't last more than a few thousand miles, so I did it myself and videod the whole process - where I discovered the fraudulent repair attempt. Fought with dealer for a few months about getting reimbursed, was stonewalled until I threatened to take them to small claims court. They then offered to refund me, but insisted I sign an NDA. I told them they already owe me for the repair, but if they want to buy my silence it would cost them more. I was then inspired to list all the ways I was going to share my experience with the world... unless they paid for the NDA. In my state, if I pursued it I would have been entitled to up to 3x damages, so told them that's what I wanted. We settled on a 2x total payment ($2700) to expedite things, and I signed their NDA. They went out of business less than a year later.
I brought my vehicle in to replace a n old 300k+ miles steering rack. Mofo didn't bother to center the rack before installation. They claimed that I need an alignment. Yes buddy...an alignment after you center my steering. Not before. That was the last time I let someone fix/touch my vehicle.
He also didnt reveal the name of the dealership that did him wrong, so the story is still fair game. Its the same as how stories from hospitals dont violate HIPAA unless they name the hospital where the story takes place and the name of the patient it happened to. @werefrogofassyria6609
@@werefrogofassyria6609there is no identifiable information. Even IF someone who worked there (past tense, sucked at their work and had to close down shop) saw this, they would have to OUT THEMSELVES. Talk about a fail in that case 😂
Tired of banks charging me money to give them my money so they can make money off it. Just pulled thousands out of a checking acct over that very issue.
Because they are "accidentally " charging thousands of accounts and don't want everyone to start scrutinizing their bills for this charge. This is free money to them.
Accepting non-disclosure agreements after somebody or a corporation has wronged You ,only exposes your fellow human being to The offenders injurious behavior.
Pretty sure this is a bank tacitly admitting they pulled this same stunt on others and didn't want him publicizing it that, at least in the US, would lead to a massive class action suit. I'd personally send the offer back with a change to the contract that says the bank agrees to publicly include a statement admitting to fraud along with a letter saying a lawsuit is incoming if they refuse to sign; this is very clearly a fraudulent transaction on the bank's behalf.
I see NO Reason for an NDA in any Civil Suit... except to Cover up someone's wrongdoing or criminal act. You see this a lot when people sue any part of the government & Cops.
For settlements, it often benefits the payer to not have the settlement amount publicized. There are nuisance suits where it's cheaper just to pay out or it's a loser due to an unsympathetic defendant. It can also be used to try to prevent one suit from becoming a cottage industry, especially beneficial in the previous examples.
Settlement offers from LE in the USA ALWAYS contain an NDA because the agency doesn't want other people who have been similarly wronged to show up in court with a dozen people there to prove their error was a habit which they had to have known about but did nothing to resolve. If people knew what they've been able to hide there would be a riot, and it would be correct and proper.
"You can not sue my client going forward to the end of time and going backward to the beginning of man".... C'mon Steve, it's quite clever and gets his point across. 🤣😂
0:27 - Having once worked for VISA International, I have some experience with banks. If you ever have an issue with your bank, file a complaint with the Treasury Department. But, first, get the name of a bank officer to include in the complaint, and tell them why you need the name. You will discover a whole new world of customer service. Y'see, the one thing a bank does not want is to have a legitimate reason for Treasury to be in their files 'CUZ THEY DON'T JUST LOOK AT YOUR COMPLAINT.
i did that to a key bank in washington and then other customers who had the same issue i did, did so as well and that whole ass branch got shut down and key bank got fined for thousands of dollars because 3500 people reported them to the department of treasury. i knew to do this because i used to work for Wells Fargo in the 90’s
but they just want to keep doing it and cashing in. have you weighed any of the food you buy by weight for example? they keep racking up millions in fraud
I'm pretty sure the banks just didn't want it getting out that their customer service was nice to somebody. It happened to me once, and literally 2 minutes later the next representative I spoke with ruined it.
Fix the problem by putting the $1.50 back into the account, apologizing, then move on. I have not ever heard of any financial institution that would give any money to a customer for an accidental charge. It happened once. It was not a recurring incident.
It can be done manybyrs ago i made royal pay me for all of my time wasted fixing their idiotic screwup and the mfr wasnt happy but he paid my invoice Esp after I explained if he didnt the shit that rolls downhill will undoubtedly be bigger than a dinosaur could drop and it would be aimed directly at him and his tiny desk.. so he had best type up a new resume now if he refused. My invoice was paid in cash 3 min later after which I closed accounts by withdrawing all but one cent and then smiled as I told the cashier to have fun trying to charge me their account closing fee from the $0.01 balance in each of 2 accounts.
What's an NDA worth? Perhaps $10k? You pay me $10k and I'll sign that cruddy NDA. Look at it this way. If I did sign an NDA over this $1.50 settlement but violated the agreement, what kind of penalties and fees would the bank persue? Probably, well over $10k.
"You have an existing constitutional right to legal recourse, and we agree to fulfill our legal obligation, but first, you must agree not to inform any other citizens of their right to such legal recourse!" Hold that thought..
NDA's need to go away from politicians and businesses, settlements between the government and citizens as all most always NDA's are used to cover up things that need to see the light of day.
Really? Almost always? You have a source for that claim? Hmm? Consenting adults should be allowed to enter into contracts they approve of, whether you agree with them or not. Eesh.
@@rapid13 By your logic, we should do away with the FDC, and Consumer Protection Laws, and allow companies to sell any kinda poison they want to people. And if the people are harmed, then tough fucking shit, they shouldn't be so stupid right? That is your logic.
Really almost always , duh what if 2 consenting adults enter into a contract to have you ....... that they both approve of? I'll let you fill in the blank. Nobody else's business right, wrong. And this is not the only example I can think of but if your imagination is so limited there is no point in wasting time. And find your own source, lamest shot at anyone, "Source"????@@rapid13
There's an old saying that "Justice must not only be done but must manifestly and undoubtedly be seen to be done." Modern version adds " ...except when we force you to sign an NDA."
Reminds me of an obituary I found about a lady that signed a NDA. In court it was discovered that she wrote the first 23 books of the Nancy Drew series. It turns out that a publisher would hand a writer an outline and they would ghost write a novel. There are several series of books that I read, or heard about that were done that way. It was an interesting obituary. Who says the dead tell no tales?
Big banks and big tech are the private sector in name only. They are so intertwined with every major government that they might as well be their own federal branch. For example, when a new US president is elected, the Federal Reserve Board always sends them a list of “suggested” nominees for various cabinet and judicial positions. And administration after administration, almost every single one of those suggestions gets chosen. Like Carlin said, “It’s one big club, and you ain’t in it.”
Generally, court proceedings are open to the public. Once the court becomes involved in a dispute, only the Court should be allowed to order nondisclosure. Of a selling party wants an NDA, they'll have to justify it to the judge. That might not fix what happened here, but it would be a first strong step in the right direction for NDAs being used more conservatively (i.e. when they make sense).
- Agree to the NDA. - Get the money. - Tell everyone. - When the bank complains about you breaching the NDA, offer $5 compensation and settlement, with the requirement that the bank sign an NDA. - Tell the bank that that is your final offer.
Other than with the NDA they have legal recourse to take you to court over. If this guy had agreed and then told everyone it would cost him a lot more than the $100 he was being offered.
NDA's like this can have six and seven figure or more penalties attached if you talk. They can literally take your home, your cars, bank accounts, retirement funds and put you on the street. I have seen it done. Unlike you, they DO have lawyers and are amply funded to "take it to court". Especially if they can prove you violated a contract. At best you might hold them off for a couple of years before they take everything. You might even be able to help your spouse save half by divorcing them. But, make no mistake they ABSOLUTELY will garnish your wages for the maximum percent allowed until your family is putting you into the dirt. You violate that NDA and they will violate you like a 110 pound dweeb on the all-star murderers cell block. And it will ALL be legal. And in some states they can get you JAIL time because violating an NDA is the equivalent of disobeying a court order. You should NEVER sign something with the intention of not honoring it. That is how you get the courthouse to fall on you like a ton of bricks.
@ptrckhgn89 you should look up the definition of "satire". Here, let me help you: the use of humour, irony, exaggeration, or ridicule to expose and criticize people's stupidity or vices, particularly in the context of contemporary politics and other topical issues.
It is always amusing when a company does an underhanded tactic to save themselves money and end up hurting their company image in a way that will cost them more money.
I bought a vehicle a few years back. I tried to pay it off in a year so I could quickly get rid of a monthly payment. When the last bill came in, I paid the amount listed and figured I would get the title in a month or so, then I pretty much forgot about it. Three months later, I started getting letters from a collection agency threatening legal action. I took the letters to the bank and asked the banker if a collection agency could ruin my credit rating. He said they would if I didn’t make the payments on time. I showed him the letter. I owed ten cents (the interest accrued between the couple of days between the bill and when they got my check). The banker took a dime out of his desk, taped it to the letter, and said, “I’ll take care of this.”
When I worked at a bank, do you know how much $$$ I gave back to clients for service fees they shouldn’t have been charged for??!! It was my job to make sure they had the correct service package that worked best for them. Never once I was I required to get anyone to sign an NDA 🤦🏼♀️🤷🏼♀️
I think if they force someone to sign an NDA and someone else is injured the same way due to you not fixing the problems, they you should be held even more liable and possibly prosecuted for the second incident.
While I agree the signee would be morally culpable, I don't agree they should be legally responsible. Most people sign such NDAs under some pretty extreme duress (financial, physical, mental, emotional). If anyone should be held criminally liable, it is the party that inflicted the injury. And doubly so, because they clearly tried to cover it up before doing it again/continuing.
Canadian here: e-Transfers have been free for a very long time - I recall them being free in 2009 It sounds like the fee is $1.50, but he was charged on more than one occasion for a transfer.
I get the sentiment about "If you had told, I may not have gotten hurt", but I also feel each and every scenario is unique despite many similarities. Just because one scenario is justifiably wrong, doesn't make the next scenario wrong. So putting people on a alert about every single little incident that has ever occurred with a company is just ridiculous.
NDA was used in a famous incident involving IBM wanting DOS from Gary Kildall and his associate refusing to sign an NDA. Bill Gates was fine with it ...😂
1.50CD is pocket change for one person. But if the bank is doing it to every account holder, (1000s?)...of course they would not want that to get out. A larger investigation may be in order.
I remember the McDonalds coffee case back in -- what? the 80? -- where the lady spilled incredibly hot coffee in her lap and had 2nd and 3rd degree burns over her groin area. She asked for McDonalds to cover her medical bills, and offered her $800, which was ridiculous because she had to have skin grafts, several surgeries. She took them to court and it came out that they had settled hundreds of cases before hers for that exact same thing, always with NDAs. The fact that she took them to court resulted in them reducing the temperature they kept the coffee at, so that people wouldn't get burned. And yes, I will stick like a postage stamp -- that's good advice!
I went to a meetup and they had us sign an NDA for a talk on Fintech and business. The only thing that I would think they needed this agreement for is the fact that their bathrooms were "all gender" and one the speakers introduced himself as he/him. Those bathrooms caused so much confusion.
They did that to many more people and they don't want anyone else to find out so they will not sue them too they want people to think there's nothing they can do to recover the lost money
Make a RUclips video first, then file suit. Tell people to like and share. Then filed a lawsuit, signed the NDA, the video will already be out there for everybody to see.
I was thinking bout this aswell, whqt i came up with is. I m making a living from sharing my life experiences online, is the defendant willing to finance the party? No( produce living expenses add server expenses n monthly depriciation of gear😅) ask them to cover it. No gag order if its a financial burden making u unable to pay taxes.
The NDA's involved in the whole Purdue Pharma and the sackler family involving oxycontin opioid epidemic comes to mind concerning NDA's and future damage of other victims because the whistle wasnt able to be blown earlier. It is a REAL concern and there are MULTIPLE, likely hundreds of incidents concerning high level victimizations all across the country year after year. It really is an issue that needs reigning in
Overly broad NDA's are also starting to get challenged. I've been to a few companies where their "visitor log" to just walk in the door was an NDA covering everything I saw and heard about the company, in the office or not, in perpetuity.
I just looked it up, hoping it wasn't my former employer and current bank. It wasn't, thankfully -- turns out it was TD (Toronto Dominion) Bank. (I worked for the US side of BMO - Bank of Montreal - before I retired.)
I just went through this today in a mediation. An offer was made for me to accept or reject. I mentioned it probably includes a NDA. I mentioned I'd rather get no settlement and campaign againt the law makers who created part of the mess that lead us here. Later, the lawyer representing me said that it would be a NDA only for the settlement amount. Since mediation is non binding and no one can quote officially on record, I was skeptical. we did not settle.
If they didn't request the NDA maybe he would have told 10 people, now the whole world will know it.
The Streisand Effect.
What is even crazier is the traction the story is getting. Normally no one cares. Now all the sudden the world is upended over it.
Yeah I love how after the cat’s already out if the bag they decide that he doesn’t need to sign it. Lke yeah kind of pointless now isn’t it?
It's TD Bank, one of the most morally compromised institutions in Canada:
-They just got fined in the US for suspicious transactions.
-They met secretly with Trudeau's finance minister (who also moonlights as a WEF executive) to suggest she freeze bank accounts during the freedom convoy
-On schedule, they'll be out there next month blasting how moral they are for promoting the groomer movement.
-And yes, many Canadians know of how much they love to nickle and dime you with fees
@@CraigGrant-sh3inI think we should upgrade it to the dumb business effect. We see this type of crap happening with businesses all the time.
Asking for a NDA suggests the bank has done this to numerous people and doesn't want people to look.
Probably. They might be smarter to not offer $100. Maybe it's to avoid him joining a class-action suit or going to his representative.
My own bank suddenly started charging $1.50 for Interac(TM) e-mail transactions. Not sure why they are not included in my 16 transactions/month.
Really? I suppose that making a settlement automatically means the party writing that check is a schnook.
they have been picking pockets at some banks
Use of NDA terms for extortion or concealment of fraud should constitute legal malpractice, and be criminal for clients.
NDA's don't apply to criminal activity.
@@ShaggyRogers1 Lawyers should know that, making their inclusion in documents where they're invalid malicious and evidence of intent to intimidate or extort the wronged party.
@@gaiustacitus4242classified docs and information are on a whole different level. Classification/Declassification is used to cover criminal activity "legally" without NDAs
@@gaiustacitus4242 DOJ/DOD classified materials are the only NDA's that are relatively bullet proof, because it is government info. NDA's do not protect against the dissemination of info on illegal activities, because contracts involving illegal activity are void.
agreed, NDA should be for commercial secrets, not for settlements, never.
They must be ripping lots of people off with that fee! They don't want it to get out!
That's what I think, too.
Class action .... suddenly 1.50 is alot.
Was my first thought!!!!
This. They have been charging this fee in a stealth manner for some time now relying on people to not notice since it's so small. Last thing they want is for word to get out prompting customers to scrutinize the transactions on their bank accounts. Jokes on them though with this result LOL.
Yeah, that’s the only thing it can be. Otherwise, that’s an insanely over-the-top way of handling what amounts to $1.10 in US money.
Back in 05 I had a dispute with a car dealer that ended after the used car manager assaulted me. Long story short, they sold me a truck that had been totaled, rebuilt, and its title got washed and I caught them. All I wanted was my truck fixed. They wanted me to sign an NDA. I told them if they fix my truck I'd sign it. They fixed my truck and I sent the NDA back to them unsigned. In red pen I wrote: "you lied to me, I lied to you, we're even." I never heard from them again.
Great story!
Ive been looking at used cars with / for my daughter.
I tried telling her it's a battle , but she didn't believe me.
She just thinks I'm crazy. We're both right.
You should’ve named the dealer and the manager since you didn’t sign anything 😂
@@jupitercyclops6521 I cheated with my daughter. I bought a $400.00 '94 Toyota Camry. My daughter tried turning her nose up to it until I told her it was intended for her to practice in. If she wrapped it around a pole, no big loss, and it's a minimum of $1000.00 trade in value.
She traded it in on a 02 Ford Focus, and is now responsible for the additional cost of the car. She's got 6 more payments...
I tried to make it a life lesson, not break the bank, and still let her "Pick out her own car".
@@Rooln1 I agree on the point of naming the dealership. The dealership is a company already posted in the public realm. Doxing the individual though... Just because you work somewhere doesn't always mean you really WANT to be represented by your job, sometimes it's just what you have to do to eat. Granted this incident is portrayed a bit different, but we're still only seeing one perspective.
You getting assaulted “ended” the dispute?! lol
NDA's, non-compete clauses, binding arbitration - these corporations just keep screwing their customers.
None of the evil corporations are forcing you to do business with them or sign their agreements.
The cult of Keynesian economics voodoo practitioners and liberatianism suprematists prostrate themselves before one-sided corporate control.
That's crazy to demand an NDA over such a petty issue.
it's not petty if you add up all the fees for all their clients. just like you getting cheated on 4% of food by weight at a grocery store is not petty crime
It's probably common procedure
When my local bank was acquired by a regional bank a couple years ago, the "new" (to me) bank soon thereafter sent me a letter to inform me that they were changing the rate of the existing CDs I had opened with the original bank. I was astounded, and immediately wrote them a letter informing them that a CD was a legal commitment which defines the terms under which I loaned them money, and that if they followed through on their intent to violate those terms, I would pursue legal action. A short time later, I got a letter informing me that they were going to honor the terms of the CDs as a 'customer-centric gesture'. Their ignorance convinced me to not renew my CDs with the regional bank as those CDs matured. A half million dollars of deposits is obviously of no concern to a regional bank, let alone to a larger bank. Never underestimate the arrogance of banks.
Kind of curious, what is a CD in this context?
If they decided to change the rate so that you could get a better ROI, what would you have done?
@@lynchkid003 certificate of deposit.
@@Bdamazyn The same thing you would do, I'll wager.
@@Bdamazyn You seem to be implying that it would be wrong for him to take more? Why is that wrong? In both cases it's the bank changing the terms. The purpose of the CD is to earn more on your savings. In his case he didn't agree to new contract terms. Why are you on the side of a multimillion dollar entity that wants to screw him out of his money?
The slimier they can be, the slimier they will try to be. The easiest thing to do is close your account with them and tell EVERYONE why!
Easy to do in some locations, but if it's the only option for miles around, that could be more difficult.
@@richardboreiko True, but that is what they are counting on too!
In some cases, if there aren't service charges, it's better to leave around 4 cents in an account, and be signed up for mailed paper statements.
@@lokiva8540 I love it! Just like returning mail form envelopes with nothing in them!LOL!
"Purely for documenting" sounds a lot like, "I need your ID!" - even when you're not involved in anything questionable.
I love that he recorded the phone call. That actually made me laugh.
Best part of that is, when they inform you that you are being recorded, as required by law, they also consent to being recorded.
So the bank had no way to keep that recording out.
I had an auto dealership service dept pull a fast one on me. Their repair ($1350) didn't last more than a few thousand miles, so I did it myself and videod the whole process - where I discovered the fraudulent repair attempt.
Fought with dealer for a few months about getting reimbursed, was stonewalled until I threatened to take them to small claims court. They then offered to refund me, but insisted I sign an NDA. I told them they already owe me for the repair, but if they want to buy my silence it would cost them more. I was then inspired to list all the ways I was going to share my experience with the world... unless they paid for the NDA. In my state, if I pursued it I would have been entitled to up to 3x damages, so told them that's what I wanted. We settled on a 2x total payment ($2700) to expedite things, and I signed their NDA.
They went out of business less than a year later.
I brought my vehicle in to replace a n old 300k+ miles steering rack. Mofo didn't bother to center the rack before installation. They claimed that I need an alignment. Yes buddy...an alignment after you center my steering. Not before. That was the last time I let someone fix/touch my vehicle.
And now you have violated that NDA for telling us the story. Congratulations. They can now sue you over the violation of the NDA.
@@werefrogofassyria6609the business doesnt exist so the party that could sue does not exist
He also didnt reveal the name of the dealership that did him wrong, so the story is still fair game.
Its the same as how stories from hospitals dont violate HIPAA unless they name the hospital where the story takes place and the name of the patient it happened to. @werefrogofassyria6609
@@werefrogofassyria6609there is no identifiable information. Even IF someone who worked there (past tense, sucked at their work and had to close down shop) saw this, they would have to OUT THEMSELVES. Talk about a fail in that case 😂
Tired of banks charging me money to give them my money so they can make money off it. Just pulled thousands out of a checking acct over that very issue.
I have a feeling they are doing it to all their customers...which is why they didn't want it known...
Streisand Effect at its finest.
Because they are "accidentally " charging thousands of accounts and don't want everyone to start scrutinizing their bills for this charge. This is free money to them.
I love it that people think they can make you work hard for your own money.
LOL they wanted the NDA so people would not find out so now everyone knows. LMAO
NDAs are like pointing out an unseen locked door. Never considered it before but now it’s Pandora’s Box.
Accepting non-disclosure agreements after somebody or a corporation has wronged You ,only exposes your fellow human being to The offenders
injurious behavior.
And the other curse: "May you be involved in interesting litigation."
That's a good one!
It's unfortunate but I personally know of a handful of ppl who should be cursed...😄
Pretty sure this is a bank tacitly admitting they pulled this same stunt on others and didn't want him publicizing it that, at least in the US, would lead to a massive class action suit. I'd personally send the offer back with a change to the contract that says the bank agrees to publicly include a statement admitting to fraud along with a letter saying a lawsuit is incoming if they refuse to sign; this is very clearly a fraudulent transaction on the bank's behalf.
Something tells me they used that 1.50 for illicit activities.
And that is why I belong to a credit union, and not a bank.
I see NO Reason for an NDA in any Civil Suit... except to Cover up someone's wrongdoing or criminal act.
You see this a lot when people sue any part of the government & Cops.
Could understand it in some aspects, like health information or maybe business secrets.
For settlements, it often benefits the payer to not have the settlement amount publicized. There are nuisance suits where it's cheaper just to pay out or it's a loser due to an unsympathetic defendant. It can also be used to try to prevent one suit from becoming a cottage industry, especially beneficial in the previous examples.
Settlement offers from LE in the USA ALWAYS contain an NDA because the agency doesn't want other people who have been similarly wronged to show up in court with a dozen people there to prove their error was a habit which they had to have known about but did nothing to resolve. If people knew what they've been able to hide there would be a riot, and it would be correct and proper.
It can be a bargaining chip that victims use to get a higher settlement.
"You can not sue my client going forward to the end of time and going backward to the beginning of man".... C'mon Steve, it's quite clever and gets his point across. 🤣😂
NDA's are out of control
What a perfect example of the Streisand effect
0:27 - Having once worked for VISA International, I have some experience with banks. If you ever have an issue with your bank, file a complaint with the Treasury Department. But, first, get the name of a bank officer to include in the complaint, and tell them why you need the name. You will discover a whole new world of customer service. Y'see, the one thing a bank does not want is to have a legitimate reason for Treasury to be in their files 'CUZ THEY DON'T JUST LOOK AT YOUR COMPLAINT.
Then how the hell is welfargo still in buisness?
@@kevinerbs2778 bribes
i did that to a key bank in washington and then other customers who had the same issue i did, did so as well and that whole ass branch got shut down and key bank got fined for thousands of dollars because 3500 people reported them to the department of treasury.
i knew to do this because i used to work for Wells Fargo in the 90’s
About 3:57: If you are worried that "everyone else will want some", then STOP DOING STUFF THAT IS WRONG! The lack of brains among people now...
but they just want to keep doing it and cashing in. have you weighed any of the food you buy by weight for example? they keep racking up millions in fraud
I'm pretty sure the banks just didn't want it getting out that their customer service was nice to somebody. It happened to me once, and literally 2 minutes later the next representative I spoke with ruined it.
The simplest thing to do would have been to simply refund the $1.50 and apologize. and then no would think anything.
An NDA over a LOONIE AND A HALF? That bank is NUTS!
Gee i wonder how the bank feels now?
Fix the problem by putting the $1.50 back into the account, apologizing, then move on.
I have not ever heard of any financial institution that would give any money to a customer for an accidental charge.
It happened once. It was not a recurring incident.
I have a feeling they are doing it to all their customers...which is why they didn't want it known...
It can be done manybyrs ago i made royal pay me for all of my time wasted fixing their idiotic screwup and the mfr wasnt happy but he paid my invoice
Esp after I explained if he didnt the shit that rolls downhill will undoubtedly be bigger than a dinosaur could drop and it would be aimed directly at him and his tiny desk.. so he had best type up a new resume now if he refused.
My invoice was paid in cash 3 min later after which I closed accounts by withdrawing all but one cent and then smiled as I told the cashier to have fun trying to charge me their account closing fee from the $0.01 balance in each of 2 accounts.
Without money given the nondisclosure wouldn't be binding. Can't be forced to sign under economic duress they are as crooked as can be
Yeah, for $1.50 I'm going to sign an NDA? Oh but there better be quite a few more zeros involved!
What's an NDA worth? Perhaps $10k? You pay me $10k and I'll sign that cruddy NDA.
Look at it this way. If I did sign an NDA over this $1.50 settlement but violated the agreement, what kind of penalties and fees would the bank persue? Probably, well over $10k.
@@jackb1803 Definitely!
"You have an existing constitutional right to legal recourse, and we agree to fulfill our legal obligation, but first, you must agree not to inform any other citizens of their right to such legal recourse!"
Hold that thought..
That was the best one on your channel: "Be like a postage stamp, stick to one thing until you get there". Great advise. 👍
I had to sign an NDA to get a settlement of a discrimination case against an employer. I regret doing it in some ways but I needed the money.
NDA's need to go away from politicians and businesses, settlements between the government and citizens as all most always NDA's are used to cover up things that need to see the light of day.
NDAs should be only for protecting ACTUAL Trade Secrets, and ONLY About the Trade Secret being protected. Period.
Really? Almost always? You have a source for that claim? Hmm?
Consenting adults should be allowed to enter into contracts they approve of, whether you agree with them or not. Eesh.
@@rapid13 By your logic, we should do away with the FDC, and Consumer Protection Laws, and allow companies to sell any kinda poison they want to people. And if the people are harmed, then tough fucking shit, they shouldn't be so stupid right? That is your logic.
Really almost always , duh what if 2 consenting adults enter into a contract to have you ....... that they both approve of? I'll let you fill in the blank. Nobody else's business right, wrong. And this is not the only example I can think of but if your imagination is so limited there is no point in wasting time. And find your own source, lamest shot at anyone, "Source"????@@rapid13
Don't exaggerate... And it's NDAs, not NDA's... 🤦🏼♂️
1.50CND, literally not worth the paper it's printed on! 😂😂
Not worth the plastic it’s printed on in Canada. We can’t even wipe our bums with it like you lucky Americans.
@@georgeorwell3501 👍
The dispute was $1.50. The settlement was $100.00.
@@michman2 The point is the bank declined it to begin with. Not a business decision I would want from my bank. Penny wise and pound foolish.
@@johndougan6129The bank didn't decline anything. They not only offered the guy his money back, but offered him an extra $100
NDAs don't mean shit unless a Judge agrees. Just like contracts.
That fact would be a lot more comforting if this channel didn't also keep presenting crazy rulings by judges every 3rd or 4th video. 😂
This stinks of someone who is attempting to cover up major misconduct and he caught onto it and ot scared them.
Exactly why I don't deal with banks. Credit unions are the way to go.
"If we let this person talk..." is a wild way for a company to think about the person they just scammed.
There's an old saying that "Justice must not only be done but must manifestly and undoubtedly be seen to be done." Modern version adds " ...except when we force you to sign an NDA."
Contact the bank inspectors? After all they are trying to hide that they messed up. Should be on the inspectors list.
Over 1.50 CAD? Nope. The compensation must increase if I'm being silenced.
The news really loves it when something like this happens.
Reminds me of an obituary I found about a lady that signed a NDA. In court it was discovered that she wrote the first 23 books of the Nancy Drew series.
It turns out that a publisher would hand a writer an outline and they would ghost write a novel. There are several series of books that I read, or heard about that were done that way.
It was an interesting obituary. Who says the dead tell no tales?
Ben is hiding in the sword hilt near his left shoulder.
The private tyranny of corporations is getting worse. Google is leading the way.
Big banks and big tech are the private sector in name only. They are so intertwined with every major government that they might as well be their own federal branch. For example, when a new US president is elected, the Federal Reserve Board always sends them a list of “suggested” nominees for various cabinet and judicial positions. And administration after administration, almost every single one of those suggestions gets chosen. Like Carlin said, “It’s one big club, and you ain’t in it.”
I mean, Israeli tech companies are currently, but I can't get into that for obvious reasons.
They probably spent more on the lawyer to write it then they did for a small dispute.
If they are crying about $1.50 are you surprised they would expect something like that?
Ben in the hand guard of saber on right side of book case .
Dear petty bullsh!t department you are amazing at your job!!
Don't they always say that "you have nothing to worry about if you have nothing bad to hide"? Why demand an NDA, if your actions are legal?
If an NDA costs a life because it covers up a safety issue that wasn't publicly disclosed, then isn't that a crime?
Generally, court proceedings are open to the public. Once the court becomes involved in a dispute, only the Court should be allowed to order nondisclosure. Of a selling party wants an NDA, they'll have to justify it to the judge.
That might not fix what happened here, but it would be a first strong step in the right direction for NDAs being used more conservatively (i.e. when they make sense).
Why not sign the NDA "Under Coersion/Under Threat"...?
GO STEVE. Thumbs up if you’re a STEVE LEHTO ENTHUSIAST! 🇺🇸🇺🇸🇺🇸
👍👍❤️🤣
- Agree to the NDA.
- Get the money.
- Tell everyone.
- When the bank complains about you breaching the NDA, offer $5 compensation and settlement, with the requirement that the bank sign an NDA.
- Tell the bank that that is your final offer.
Other than with the NDA they have legal recourse to take you to court over. If this guy had agreed and then told everyone it would cost him a lot more than the $100 he was being offered.
NDA's like this can have six and seven figure or more penalties attached if you talk. They can literally take your home, your cars, bank accounts, retirement funds and put you on the street. I have seen it done. Unlike you, they DO have lawyers and are amply funded to "take it to court". Especially if they can prove you violated a contract. At best you might hold them off for a couple of years before they take everything. You might even be able to help your spouse save half by divorcing them. But, make no mistake they ABSOLUTELY will garnish your wages for the maximum percent allowed until your family is putting you into the dirt. You violate that NDA and they will violate you like a 110 pound dweeb on the all-star murderers cell block. And it will ALL be legal. And in some states they can get you JAIL time because violating an NDA is the equivalent of disobeying a court order.
You should NEVER sign something with the intention of not honoring it. That is how you get the courthouse to fall on you like a ton of bricks.
@ptrckhgn89 you should look up the definition of "satire".
Here, let me help you:
the use of humour, irony, exaggeration, or ridicule to expose and criticize people's stupidity or vices, particularly in the context of contemporary politics and other topical issues.
How aggressively are these nuisance NDAs actually enforced.
From the Big Bang until the universe reaches thermal equilibrium.
There is a difference between use of a NDA and abuse of a NDA.
Thankfully they put the lid on this, before anyone found out. This could have been bad for their reputation.
It is always amusing when a company does an underhanded tactic to save themselves money and end up hurting their company image in a way that will cost them more money.
I bought a vehicle a few years back. I tried to pay it off in a year so I could quickly get rid of a monthly payment. When the last bill came in, I paid the amount listed and figured I would get the title in a month or so, then I pretty much forgot about it. Three months later, I started getting letters from a collection agency threatening legal action. I took the letters to the bank and asked the banker if a collection agency could ruin my credit rating. He said they would if I didn’t make the payments on time. I showed him the letter. I owed ten cents (the interest accrued between the couple of days between the bill and when they got my check). The banker took a dime out of his desk, taped it to the letter, and said, “I’ll take care of this.”
If he has the form that says he can use this service without charge (five per month), take them to small claims court. 😂
Don't sign anything, sue their ass over the dollar fifty ... plus legal fees, or try to file a class action lawsuit, which will screw them big time
When I worked at a bank, do you know how much $$$ I gave back to clients for service fees they shouldn’t have been charged for??!! It was my job to make sure they had the correct service package that worked best for them. Never once I was I required to get anyone to sign an NDA 🤦🏼♀️🤷🏼♀️
I think if they force someone to sign an NDA and someone else is injured the same way due to you not fixing the problems, they you should be held even more liable and possibly prosecuted for the second incident.
While I agree the signee would be morally culpable, I don't agree they should be legally responsible. Most people sign such NDAs under some pretty extreme duress (financial, physical, mental, emotional).
If anyone should be held criminally liable, it is the party that inflicted the injury. And doubly so, because they clearly tried to cover it up before doing it again/continuing.
Good luck proving it with NDAs in place.
You would think that taking care of a customer and making them whole would be information that casts them in a good light.
Yeah, then you get every bozo questioning every legit fee hoping to score $100. Now it's on Steve Lehto and his 507k subscribers know about it.
When you have to hold companies feet to the fire.
Canadian here:
e-Transfers have been free for a very long time - I recall them being free in 2009
It sounds like the fee is $1.50, but he was charged on more than one occasion for a transfer.
Thank You for sharing
I get the sentiment about "If you had told, I may not have gotten hurt", but I also feel each and every scenario is unique despite many similarities. Just because one scenario is justifiably wrong, doesn't make the next scenario wrong. So putting people on a alert about every single little incident that has ever occurred with a company is just ridiculous.
Isnt there a record of the proceedings? Cant people just look it up?
NDA was used in a famous incident involving IBM wanting DOS from Gary Kildall and his associate refusing to sign an NDA.
Bill Gates was fine with it ...😂
1.50CD is pocket change for one person. But if the bank is doing it to every account holder, (1000s?)...of course they would not want that to get out. A larger investigation may be in order.
$1.50 on this one particular scam, what other scams are they running.
I had a card company try that and I told them "no thanks, I'll just keep talking about what you did"
I remember the McDonalds coffee case back in -- what? the 80? -- where the lady spilled incredibly hot coffee in her lap and had 2nd and 3rd degree burns over her groin area. She asked for McDonalds to cover her medical bills, and offered her $800, which was ridiculous because she had to have skin grafts, several surgeries. She took them to court and it came out that they had settled hundreds of cases before hers for that exact same thing, always with NDAs. The fact that she took them to court resulted in them reducing the temperature they kept the coffee at, so that people wouldn't get burned. And yes, I will stick like a postage stamp -- that's good advice!
The quickest way to get me talking about something is to tell me I can’t.
no identity is going to like people knowing their bad side. if they come hard on product reviewers, you can guess what they do to their customers.
An NDA should not be allowed to shield a tortfeasor such that they can continue to commit the same offenses against someone else.
There’s more than a “mistake” going on here…
I went to a meetup and they had us sign an NDA for a talk on Fintech and business. The only thing that I would think they needed this agreement for is the fact that their bathrooms were "all gender" and one the speakers introduced himself as he/him. Those bathrooms caused so much confusion.
They did that to many more people and they don't want anyone else to find out so they will not sue them too they want people to think there's nothing they can do to recover the lost money
I say to myself, "now Steve must be a 'good guy lawyer', especially considering 'faustian bargain' isn't part of his typical lexicon".
The Steisand Effect strikes agian. They should have just sucked it up and paid him.
Ben is ready to fight in the sword hand guard!
Sign nothing without an attorneys perusal.
Lawyers!!!!.......
With the bank it sounds like the bank is intentionally stealing customers money.
Make a RUclips video first, then file suit. Tell people to like and share. Then filed a lawsuit, signed the NDA, the video will already be out there for everybody to see.
I was thinking bout this aswell, whqt i came up with is.
I m making a living from sharing my life experiences online, is the defendant willing to finance the party? No( produce living expenses add server expenses n monthly depriciation of gear😅) ask them to cover it.
No gag order if its a financial burden making u unable to pay taxes.
NEVER NEVER NEVER sign an NDA.
The NDA's involved in the whole Purdue Pharma and the sackler family involving oxycontin opioid epidemic comes to mind concerning NDA's and future damage of other victims because the whistle wasnt able to be blown earlier. It is a REAL concern and there are MULTIPLE, likely hundreds of incidents concerning high level victimizations all across the country year after year. It really is an issue that needs reigning in
I wouldn't mess with someone whose keeping on top of a $1.50 overcharge. They have nothing to do and petty.
Overly broad NDA's are also starting to get challenged. I've been to a few companies where their "visitor log" to just walk in the door was an NDA covering everything I saw and heard about the company, in the office or not, in perpetuity.
Now that is friggin ridiculous!
Meat grinding plant I used to work at had a similar disclaimer on the visitor's log. Mainly covering their processes IIRC.
I just looked it up, hoping it wasn't my former employer and current bank. It wasn't, thankfully -- turns out it was TD (Toronto Dominion) Bank. (I worked for the US side of BMO - Bank of Montreal - before I retired.)
I just went through this today in a mediation. An offer was made for me to accept or reject. I mentioned it probably includes a NDA. I mentioned I'd rather get no settlement and campaign againt the law makers who created part of the mess that lead us here.
Later, the lawyer representing me said that it would be a NDA only for the settlement amount. Since mediation is non binding and no one can quote officially on record, I was skeptical. we did not settle.