Overdraft programs are «really just a way for banks to bilk their most
vulnerable customers with costly fees,» says Pamela Banks, policy counsel for Consumers Union, the policy and advocacy arm of Consumer Reports.
Not exact matches
The conference was about galvanizing the entire leadership of the company — being
vulnerable and transparent
with our employees about how desperate the situation was, and how we had to understand that everyone must be personally accountable and responsible for the outcome of every single
customer interaction.
In contrast, companies producing rigid plastic containers are less
vulnerable because they generallyoperate under contractual arrangements
with most
customers.
We should keep in mind that a woman after giving birth is, in many cases, especially
with first time mothers, a very
vulnerable potential
customer and that some of what formula companies do is «putting a stumbling block before the blind».
Consumer brands are usually very sensitive to how they're perceived, making them far more
vulnerable to online action than a typical politician — Congressional offices EXPECT to get criticized via email, and they accept that many constituents will simply never be happy
with them, but a corporation takes a great risk if it runs off even a few of its
customers.
And while corporations appear strong, their brands — the crucial interface
with their
customers — are uniquely
vulnerable to reputational damage.
Now the extent of the problem has been brought into sharp relief,
with computer scientists warning that banking culture is increasing the likelihood that
customers are using
vulnerable systems.
It's rare that a successful company can continue to operate
with grace and humility
with their most
vulnerable customers.
For example, if the same banking
customer has a certificate of deposit held within a traditional IRA
with a value of $ 200,000 and a Roth IRA held in a savings account
with a value of $ 100,000 at the same institution, the account holder has $ 50,000 of
vulnerable assets without FDIC coverage.
This is despite British Banking Association guidelines been introduced over the years as to how banks should deal / interact
with vulnerable customers or their financially appointed representative.
«B2B companies whose
customers are other early stage B2B companies put themselves doubly at risk: Not only are startups failure - prone by nature, but an early stage company
with strong fundamentals can still falter if its client base is
vulnerable to market corrections.»
Banding together
with the folks at Scaleway, OVH and others has allowed us to short circuit a painfully slow game of telephone and provide our
customers with as much detail as possible as they try to understand where and how their systems may be
vulnerable,» Nathan Goulding, Packet's SVP of engineering explained.
In an interview
with MSNBC and Recode on Wednesday, Cook noted that Apple's business model — unlike that of Facebook — depends on selling physical products instead of capitalizing on the bulk data of its
customers, which is
vulnerable to mishandling.
Scams are evolving
with new tricks being used to lure
vulnerable targets;
with reports of fake
customer care telephone calls from digital currency exchanges Coinbase and Kraken.
By some accounts, up to 70 percent of identity theft cases occur in the workplace, and real estate offices,
with their heavy
customer traffic and the variable hours associates keep, can be
vulnerable to thieves.