Unbeknownst to me at the time that I composed my (April 20, 2009) post entitled, “PRODUCT SAFETY RECALL: Chase credit cards ‘unsafe,’ pose ‘risks of substantial injury’,” Professor Elizabeth Warren had earlier proposed that a Financial Product Safety Commission be established. (Professor Warren is a Harvard Law School professor and presently Chair of the TARP [...]
Posts under ‘Testimony’
Dealing with Chase? Prepare to enter “The Twilight Zone”
Just when you think it can’t get any more crazy….it does!
In January, Chase, with no opt-out allowed, raised my (along with 400,000 other customers) payment from 2% ($416/month) to 5% ($1,025/month)….and has demanded payments at the same high 5% level ever since. This month the payment was $842….still more than twice as much as [...]
Gearing up for new FED Rules — “is not going to be easy.”
In a comment from Barbara, she quoted the following statement attributed to Peter Garuccio, a spokesman for the American Bankers Association (ABA), originally taken from an article in the Washington Independent entitled, “Congress Delays Credit Card Reform“:
“The changes will require card issuers to reprogram computers, retrain call-center employees, verify the legality of the new [...]
Loading ...
