Have separate accounts for separate businesses with Chase? One customer is wondering how the heck they debited one account for a debit drawn against another one. Or as he put it, “They have done nothing right so far.”
Ineptitude | admin March 10, 2010 | 
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Well this is interesting. A former Chase assistant vice-president is suing Chase claiming that they substantially misrepresented the value of thousands of credit cards accounts that were packaged for sale. (story)
Bad bad Chase, Lawsuits | admin March 7, 2010 | Comments (0)
If you want to hear a Chase spokesman blame their lack of permanent loan modifications on other people, then go here.
There is apparently some momentum in the discussion of the $4B in disputed funds between the WaMu holding company and JP Morgan Chase.
WaMu failure | admin March 5, 2010 | Comments (0)
Here is the letter WaMu’s former holding company has sent to shareholders, outlining the great injustice they felt was done by seizing WaMu and selling it to Chase. They are also talking about having an annual meeting.
WaMu failure | admin March 4, 2010 | Comments (0)
Ok, this seems to be how a Chase loan mod works: You pay trial modification payments for a very long time (8 months, 11 months?) and in the end those payments do NOT get credited to your account and your loan balance actually goes up substantially. Oh great.
JP Morgan Chase has ramped up its lobbying efforts, a.most doubling money spend on lobbying in the 4th quarter 2009 compared with the same period in 2008.
Legal & regulatory | admin March 2, 2010 | Comments (0)
As banks lick their wounds and try to increase profits after legislation that makes them act more reasonably, here are some tricks to watch out for according to Marketplace: They will encourage you to press the credit button when using your bank/debit card; this costs retailers more money. Use debit instead. They will call you and push you to sign up for overdraft protection, that worthless feature that will make your $5 latte cost an additional $33 or $39. Don’t drink the cool-aid, opt-out of overdraft protection. If your checking account is out of money, use your credit card, or better yet, stop spending.
