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The Dept of Homeland Security says that paying off your credit card bill is a crime!

Big Brother needs to learn some manners.  This Post 9/11 paranoia is out of hand.  Since when is paying off your credit card something that we need to ponder?  This is really stupid.  So, now I suppose the Fed. expects us all to carry over monthly balances if we can afford to pay it off.  I see how this plays right into the hands of bug business.  The more balances you carry month to month means the more interest you pay big banks.  The more taxes the banks pay and now suddenly the Fed has money to continue the War on Terror.  Does this make sense to anyone out there?

Who knew paying down your credit-card debt can set off an anti-terrorism alarm?
Walter Soehnge found out the hard way.
The Rhode Island retiree said that earlier this year he sent a $6,522 check to pay off a portion of his JCPenny Platinum MasterCard.
The payment was received by the credit-card issuer but his account wasn’t credited.
It took more than a week to set things straight.
Why? Soehnge says the bank told him the larger-than-normal payment apparently triggered a suspicious-activity flag on his account, and the U.S. Department of Homeland Security had to be informed.

“It’s my money,” Soehnge, a retired school teacher, said yesterday. “This isn’t supposed to happen.”
But it can and does happen, according to the Financial Crimes Enforcement Network, part of the U.S. Department of Treasury.
After the Sept. 11, 2001, terrorist attacks, the Banking Secrecy Act was amended to force financial firms to come up with more stringent internal anti-money-laundering programs. Firms are given latitude to design their own software programs and formulas to detect what they suspect are “suspicious activities” within financial accounts.
“They make decisions based on their own risk assessments,” said Anne Marie Kelly, a Treasury spokeswoman. If financial institutions find what they think is suspicious activity, then they report it to the feds.
Kelly, who said she could not verify Soehnge’s particular claims, said similar incidents with people have happened in the past.
A spokeswoman for J.C. Penney Co. said the retailer and GE Consumer Finance, which owns J.C. Penney’s credit-card business, is investigating Soehnge’s apparent mishap.
“We’re trying to figure out why that happened,” said the spokeswoman.
Meanwhile, Soehnge wants answers.
“I’m not a reactionary or litigious person,” he said. “My goal is to raise awareness. . . . People need to know about who is intruding” in their affairs. 


Posted by SPN on 03/13 at 12:28 PM in This is just stupid!

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