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(EDIT)
I sent an email to Wells Fargo about this, and here is the response I got.
"Thank you for contacting Wells Fargo. My name is <redacted>, and I am happy to assist you.
I have received your message regarding the email you received regarding the Arbitration Language change
Regretfully, there is not a way to opt out of the Arbitration agreement. The agreement has always existed, however, the language has been updated."
So, if this is to be believed (and I still need to look into it to make sure it is true), then Wells Fargo has had this crap in their TOS all along and I just didn't know about it until now. What a load of crap.
(/EDIT)
At first it was Sony and EA, then it was Microsoft and now it's...
...
...wait, what the hell? My damn bank is doing it now too?! O_O
Yeah, I got one of those emails today as well.
And, unlike Daily Kos there, I couldn't give less of a crap about their copyright on their terms of service, therefore I shall quote away. Here is the thing, in its entirety (any bolding and emphasis and such is theirs):
( Behind cut because it's kind of big )
Here is another article on the subject.
So yeah, unless I'm misreading the above, it looks like Wells Fargo is going to be doing the same "we changed our TOS to say you can't sue us now, suck it" thing as well. So far, it seems to only be referring to my savings account. Well, the reason I set up the savings account back in August was to get around some unrelated bullshit fees they were implementing. At the time, I was seriously considering just dropping Wells Fargo altogether and taking my money somewhere else. Now that this crap has come up, that same consideration is coming into play again.
(If I get a C&D or something over this due to the copyright concerns, then yeah, I'll take this down, but until and unless that happens, it's here to stay. People need to be made more aware of this crap, since more and more companies seem to be starting to do it, and it needs to be stopped, sooner rather than later.)
I sent an email to Wells Fargo about this, and here is the response I got.
"Thank you for contacting Wells Fargo. My name is <redacted>, and I am happy to assist you.
I have received your message regarding the email you received regarding the Arbitration Language change
Regretfully, there is not a way to opt out of the Arbitration agreement. The agreement has always existed, however, the language has been updated."
So, if this is to be believed (and I still need to look into it to make sure it is true), then Wells Fargo has had this crap in their TOS all along and I just didn't know about it until now. What a load of crap.
(/EDIT)
At first it was Sony and EA, then it was Microsoft and now it's...
...
...wait, what the hell? My damn bank is doing it now too?! O_O
Yeah, I got one of those emails today as well.
And, unlike Daily Kos there, I couldn't give less of a crap about their copyright on their terms of service, therefore I shall quote away. Here is the thing, in its entirety (any bolding and emphasis and such is theirs):
( Behind cut because it's kind of big )
Here is another article on the subject.
So yeah, unless I'm misreading the above, it looks like Wells Fargo is going to be doing the same "we changed our TOS to say you can't sue us now, suck it" thing as well. So far, it seems to only be referring to my savings account. Well, the reason I set up the savings account back in August was to get around some unrelated bullshit fees they were implementing. At the time, I was seriously considering just dropping Wells Fargo altogether and taking my money somewhere else. Now that this crap has come up, that same consideration is coming into play again.
(If I get a C&D or something over this due to the copyright concerns, then yeah, I'll take this down, but until and unless that happens, it's here to stay. People need to be made more aware of this crap, since more and more companies seem to be starting to do it, and it needs to be stopped, sooner rather than later.)
