Nice to see the "too big to fail" gang may be "bad enough for Jail."
Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2011.
Chase Bank seems to believe it is above the law and can change terms on their customers with no impunity.
The Cat Who Ate Chase Bank, the book, will help raise awareness
about MANY questionable Chase Bank tactics and methods.
Chase Bank basically STOLE anywhere 10 million to 100 million dollars in monthly interest rate savings from its customers. Chase Bank increased the monthly minimum payment on customers low interest rate, life of the loan credit card agreements by 150% above and beyond what their customers were already paying!
Chase Bank went as far as to lobby the new credit card reform act of 2009 so that they WOULD NOT have to notify their customers whose terms had been changed that there was a way out of the mess.
However, when I got the Chase Bank welcome letter, I was so upset with Chase Bank (Because the accelerated paydown of this low interest rate credit card would cost me hundreds of dollars extra as I applied extra money to this low interest rate card that could have gone to pay down a higher interest rate credit card faster), that I just sort of glanced at their "welcome letter".
|SU Students Protest Commencement Speaker|
OVER A YEAR SPENT DEBATING A HEALTHCARE BILL that won't take affect for SEVERAL years and could easily be revisited and changed before it becomes law, meanwhile 10,000 homes are foreclosed upon EVERY DAY.
Chase Bank lobbied Congress and was able to get the credit card reform bill act manipulated so Chase Bank would not have to notify their own low interest, life of the loan credit card customers that they could change over to the five year pay down program. Most of their own customers do not know about the five year Pro-Active pay down program.If you call Chase Bank customer service and ask about getting a better deal, they will mislead you and tell you there is nothing they can do for you