Please read the story about BofA pledges moratorium on credit card interest rates hikes.
I credit Ann Minch of the very famous youtube Debtor's Revolt video as being the reason for Bank of America's decision to not raise credit card rates anymore before the Credit Card Reform Bill takes full effect in early 2010.
Meanwhile, Chase Bank refuses to make a similar promise as Bank of America. Just one more reason in a long list of reasons why the book, The Cat Who Ate Chase Bank, is needed as a rallying cry against Chase Bank.
My favorite saying..."People who say it cannot be done should not get in the way of those who are already doing it." ...applies here. I have always felt that telling someone something can't happen because of "them" is the same thing as trying to stop them.
I have always gotten the chills when hearing the phrase "they won't listen", or, "they will never do that", and now my chills have been justified. For those who believe that "they" don't listen or "they" will never do that, Ann Minch has proven the "theysayers", wrong.
Ann Minch is living proof that ignoring the "they" idiots and doing the right thing can get a just result.
Ann Minch was right for believing that enough is enough, and now millions of people will benefit as a result.
All people had to do was watch her youtube video to ensure that the collective number of viewers would grow to an eye opening amount.
1/2 million people watching a video about finances is the same as 20 million people watching a youtube video about a celebrity scandal, and Bank of America noticed, whereas Chase Bank did not.
This is why Chase Bank remains in a "class" of their own.
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