Comment by cj
1 day ago
I thought companies can't profit off of unclaimed/abandoned money.
Was under the impression that funds like that eventually get handed over to whatever state agency is responsible for dealing with unclaimed property.
(If so, the cause might just be incompetence rather than greed or malice - not that incompetence is any better than malice when it comes to handling people's money)
They've faced a number of lawsuits for this, and paid out settlements. They are presumably not following the law.
If there's no one enforcing said rules you most certainly can.