- Report: #134854
Report - Rebuttal - Arbitrate
Complaint Review: All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia
All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachoviawww.citibank.com New York, New York U.S.A.
All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia ripoff interest charges based on false reporting of "prime rate" New York New York
*UPDATE EX-employee responds: US Prime Rate Set By Alan Greenspan Not Credit Card Companies
*Consumer Suggestion: You Said It. They pay like 2 to 3% interest on a saving account and charge some poor dumb b*****d 24.9% interest on a charge card or auto loan.
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
The prime rate is defined as the best rate of interest for the banks biggest and best customers such as General electric, general motors, ibm,etc., but in facts, the banks are reporting a false prime rate to the Wall Street Journal and the New York Times so that they can use this rate to charge consumers 3% more than they should. This is just the biggest rip-off in the U.S. Billions of dollars are stolen from the consumers every year and the U.S. Court systems are helping them to steal from all of us.
Denville, New Jersey
This report was posted on Ripoff Report on 03/13/2005 07:44 PM and is a permanent record located here: http://www.ripoffreport.com/r/All-The-Big-Banks-Bank-Of-America-Citibank-JPMorgan-Wachovia/New-York-New-York/All-The-Big-Banks-Bank-Of-America-Citibank-JPMorgan-Wachovia-ripoff-interest-charges-b-134854. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.