After making all 8 loan modification payments on time or early, one Chase mortgage customer was accidentally (according to Chase) dropped from the program and received a foreclosure letter. (story) Does Chase really have any intention of making any of their trial modifications permanent?
Chase announced that they are dropping out of the FDIC’s Transaction Account Guarantee Program. This is different than the general FDIC protection for your bank account, but provides additional protection above and beyond the $250k limit of the general FDIC program. This is not a good thing. They are doing this to escape some of the regulations that come with participating in that program. (article)
One Chase Bank visitor was impressed that Chase showed him so much attention trying to sell him their services. I see it as just more annoying sales pitches by customer service representatives that aren’t really looking out for your best interest but just trying to sell you more because their bosses tell them to.