JP Morgan Chase (WaMu) Credit card rate rapists, using bailout money to screw the public Wilmington Delaware

It appears they are doing this to a lot of former Wamu customers. Fortunately for me I recently paid off my Wamu card and closed the account before they switched to Chase. I keep hearing more and more horror stories about that company.

I actually work for a California law firm that has filed a class action lawsuit against JP Morgan Chase for their loan modification practices of charging $750 in up front fees to get the process started, and then only to turn around and deny the loan. But guess what...they keep the $750 and call it a non-refundable fee!

I'm sure your issue is another problem that our firm would be interested in taking a look at. Feel free to contact us if you want to our firm to investigate this matter further as a class action.

Had WAMU then went to CHASE. In June of 09 they sent letter raising interest rate on my credit card. Agian never late and payed mre than minimum due. I do carry balance. Now in late July they send me a letter stating they are now closing the account. I have had this card for 9 years $10,500 credit limit. I accepted the terms reluctantly as I did not want to hurt my credit score. So they raised the rate. Then wam just after the statement with the new rate in effect We are sorry we are closing your account.

Nice tactic do I hear class action law suit? The had this planned long ago.

WAMU was great. Chase you are losing the $15,000 I have on deposit, you are losing my credit card business. I am informing you of a rate change on the loan I gave you as a tax payer. Then I will call your note due.

Whats good for the goose is good for the gander!

"Is there no oversight from the government regarding what is being done with TARP funds?"

According to a recent SIGTARP report, the answer is no. In fact, the Treasury Department has flat out refused to provide any oversight on TARP money recipients. From the recent SIGTARP report:

Treasury has indicated, however, that it will not adopt SIGTARP's recommendation that all TARP recipients be required to do the following:

account for the use of TARP funds
set up internal controls to comply with such accounting
report periodically to Treasury on the results, with appropriate sworn certifications

In light of the fact that the American taxpayer has been asked to fund this extraordinary effort to stabilize the financial system, it is not unreasonable that the public be told how those funds have been used by TARP recipients. Treasury is now conducting regular surveys of the banks' lending activities; however, with the exception of Citigroup and Bank of America, Treasury has refused to seek further details on TARP recipients' use of funds.

"Isn't there something criminal in the actions of Chase? At the very least, isn't this unethical and deserving of congressional review?"

No.

"You can bet that my elected officials are hearing about this, and if they do not take some type of action against Chase they will hear about it again during the next election."

Have you seen how much money that the bank's have given to the politicians? Are you aware of other perks? Does the name Chris Dodd ring a bell?