Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

1. He had a job with Chase in wealth management where the bank claims it didn’t properly vet him at the time.

2. He wasn’t able to keep the job after failing necessary licensure exams.

3. He applied for a low-six-figure salary marketing job and was accepted. They later rescinded the offer because they had canceled his business-related card ~8 years prior for, allegedly, not properly disclosing the nature of his business—something the bank will not clarify further, now, nor offered any reason for at the time—of which this guy didn’t push them on either.

4. The article states employment is not required by the bank and they may rescind offers or refuse to make offers for any reason.

5. The guy is pissed off that because the bank canceled his business credit card that he apparently used primarily for $1MM in flights to Middle Eastern countries he is not able to work for the company now.



> for, allegedly, not properly disclosing the nature of his business—something the bank will not clarify further, now, nor offered any reason for at the time—of which this guy didn’t push them on either.

This is basic KYC (know your customer) stuff: if you see red flags, you are not allowed to tip the customer. If you do that you may end up in jail.

It may feel unfair, but that's the law.


I wonder why it's being framed the way it is by nytimes...


It's definitely a little alarming when institutions start blurring the boundaries between the different sets of metrics by which we are judged for basic life necessities like a job and a bank account. I think for a lot of people it would be catastrophic in various ways if those were effectively collapsed into some kind of unified social credit score.


To be fair this doesn’t seem to be a case of that.

They applied to a job they were not licensed to perform.

Then got a job with lesser requirements and failed a validation check.

The use of the corporate card sounds to be quite dodgy to say the least, I’m pretty sure that the offer was rescinded not because the CC was cancelled but why it was cancelled in the first place.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: