JP Morgan Chase accused of wrong doing in Lehman lawsuit

According to this article in the Wall Street Journal, JP Morgan Chase and some of its top executives, including CEO Jamie Dimon, were responsible for siphoning money out of Lehman Brothers just before its collapse, used inside information to do this, and contributed to Lehman Brothers failure.

Chase upgrades your card to upgrade your fees

One Chase customer writes about their experience going from a WaMu credit card to Chase:

Have any other former WaMu credit card holders who had their credit cards converted to Chase VISA Platinums and now within the past few days received notification that Chase has “upgraded” their card to Slate with BLUEPRINT?

If so, did the following also happen.

1.)  Your APR markedly increase?  (8.99% WaMu VISA to 14.99% Chase VISA Platinum to 17.24% (Chase) Slate)

2.)  The schedule of fees go up?  (too many increases to list, but the fees went up across the board)

3.)  The grace period was reduced?  (grace period went from 26 days w/ WaMu to 24 days on Chase VISA Platinum to 21 days on Slate)

More evidence that Chase’s e-banking features simply don’t work

Another complaint related to Chase’s electronic banking features:

I made the account auto pay in Dec/2009 was hospitalized Jan checked acct Feb/2010 found it unpaid caught it up.

Again made it auto pay in Feb/2010 (via internet only option) again received a success notice upon completion. Started a new job continued recovery lost track of my life, received no notices from Chase that there was any problem, no e-mail, no phone calls and no mail.

After finishing my teaching job checked acct and found it was 60 days late. Upon calling company was told my acct had been closed and reported to credit reporting my only option was to make payments, nothing else could be done. This after paying it with all the penalties plus being a good customer for 5 years, paying card off multiple times and very seldom carrying a large balance.

These are pretty basic things.  To have them fail like this repeatedly would give me zero confidence in anything Chase does related to e-banking.

Roadmap of a Chase short-sale

For nine months and three buyers Lauren Moughon tried to close a short sale on her house in Washington.  She had to give them the same documents over and over again.  Finally she called the local TV news station consumer advocate, who called Chase, and they immediately pulled their head out of wherever it was and closed the deal.

Is that really the only thing that will make Chase respond?

Chase account balance alerts explained

Thanks to this article about Chase adding texting features to their account balance alert service, I now understand why their balance alerts are useless; they aren’t sent out until the end of the day.

Think about this for a second.  Something happens during the day, presumably unexpected, which pulls your account balance below and amount that you want to know about.  If this happens early in the day, lots of other things can happen before you find out about it.  By the time you get the alert, it may very well be too late.

Kinda worthless.  But I think Chase knows this.  If they told you in a timely fashion that a problem might occur, they might not make as much in fees.

What is Chase raising interest payments on a fixed-rate loan

Seems simple enough, you get a fixed rate auto loan from Chase and expect that over the life of the loan, the amount paid in interest will go down over time until the loan is paid off.  Why then is this Chase customer seeing repeated increases in the amount of interest he is paying, even when he is increasing his principal payment?

Perhaps Chase snuck something sneaky into the fine print.

Probably not true but …

I couldn’t pass up this nasty rumor:

Is Chase Bank funding terrorism?

I know chase bank funded the cold war and Vietnam against the US but recently I read a report that they are now funding freedom fighters Alqeda and other military factions in Iraq and Afghanistan.
I don’t like the military in any way and Chase keeps inviting me to apply for a credit card but I am not sure what they are involved in.Are they funding terrorism and wars?

Additional Details

The bank also funded the contra rebels in South America during the 1980’s.
They basically fund the enemy nations.
Check many International Almanacs dictionaries and government sources.

What Google thinks about Chase bank

Google search offers suggestions when you start entering search terms that are based on the most popular terms others have searched on that match what you are typing.  Clearly, from what Google suggests, people are not happy with Chase.