An interesting development has occurred over the Chase Bank Charitable program giveaway. Chase Bank is funneling a tiny fraction of the money they STOLE from their own customers when they raised their monthly minimum payment on life of the loan, low interest rates from 2% to 5% and is giving that stolen money to charitable donations.
A couple of days before the Chase Bank Facebook contest was over, the public tally of the votes was removed from the Chase Bank Contest pages. A few groups that were in the running suddenly fell out of the top 25 and are now protesting Chase Bank.
I actually have empathy for Chase Bank over how they divide the miniscule percentage of the grand total of money they have stolen from their own credit card customers. Sure these Chase Bank customers had their low interest credit card rate, life of the loan agreements changed so that they to come up with 150% more money every month for their monthly minimum payment obligation, but Chase Bank needed a small portion of that stolen money to generate positive publicity for themselves!
Apparently, Chase bank was concerned that some of the charitable organizations were political groups and they did not want to get caught making donations to politically charged 501c groups.
So in this one instance, I do feel a touch of empathy for Chase Bank being blamed for trying to do the least politically explosive thing. Too bad they don't treat their best, never late paying credit card customers the same way.
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