First Chase Bank changed terms on a million of their never late paying credit card customers. The changes included raising monthly minimum payments from 2% to 5%, or if one was paying 400 dollars a month, the new payment would have been 1,000 dollars on low interest rate, life of the loan credit card loans.
Any customer who had other debt at higher interest rates would have actually lost money by being forced to pay down their Chase Bank debt faster than their higher interest rate debts.
So what does Chase Bank do with the extra money that is suddenly coming in even as they wipe clean these low interest rate life of the loan accounts from their banks in an accelerated manner? Chase Bank is using that ill gotten money on Facebook.
Chase Bank is "giving away" five million dollars to charities. That money that Chase Bank is "giving away", as far as I am concerned, it came from their own customers. Diverting money from one group of people to a new group of people while posturing that it is a giveaway to non profits is just another, sleazy example of how Chase Bank operates.
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