Lately, the power of the people has been gaining a lot of attention, especially after BofA retracted their debit card fees due to public uproar. Now, one man is showing just how far this strength in numbers movement can go.
Brendon Mendoza is mad at Bank of America (NYSE: BAC) and he is making sure his voice gets heard, times 25,000. Mendoza, like many Americans, has fallen on some hard times in the recent years. Due to what he calls the “bank-caused recession” Mendoza has found himself out of a job and out of savings, and so he turned to Bank of America for help.
BofA Refuses Loan Modification
On paper, Mendoza had everything he needed to legally qualify for a loan modification, but this wasn’t enough for BofA.
The Southern California homeowner was met with nothing after filling out the extensive paperwork, creating a 6-month probationary loan modification plan and making multiple calls to the bank. The bank even claimed to have misplaced important documents, said Mendoza.
Angered at his situation, Brendon Mendoza decided to take to the Internet. By joining petition sites like change.org and starting one on whitehouse.gov, Mendoza got to work gathering signatures – Bank of America began to take notice.
Petition Grows by 2,000 in Under a Month
So far, the petition is up to 14,557 on Change.org. unfortunately the link to the whitehouse.org petition site didn’t work. According to Mendoza’s Change.org page, he needs at least 25,000 on the WhiteHouse.org petition in order for Bank of America to be forced to take notice.
Mendoza has mentioned he is complying with the bank’s requests, such as getting a roommate. Hopefully, this story will see a happy ending. The important takeaway is to take note of how much the masses are impacting the actions of big banks like Bank of America. As mentioned before, American consumers are no longer taking unfair practices lying down, but now they have the power of social media on their side.
With sites like Change.org, and the WhiteHouse.org’s ‘We the People’ petition site, more people are feeling empowered to turn to the web for help. And with the recent customer-threat to move to credit unions, big banksare beginning to listen.