Comptroller of the Currency FAILS to rescue Chase Bank Customers just when they needed the Office of the Comptroller of the Currency most.

Here is a copy of the coyly worded Chase Bank Proviso the Comptroller of the Currency has left in so that Chase Bank can Defile and Default their customers out of their low interest, life of the loan credit agreements that were already in place. I had to cut and paste it as two sections because it started on the end of the first page, third column, and continued on the first column of the next page. There are no words missing between the first part and the second.

This is patently in correct, and I am surprised the Comptroller of the Currency would include this Chase Bank proviso in the credit card reform bill.

Paying down 2% of the minimum can in fact pay off a credit card in a timely fashion, it just depends on WHAT THE INTEREST RATE IS! If the interest rate is LOW, then even a 2% monthly minimum payment is PLENTY to pay down the debt in a reasonable amount of time.

There are times where high interest rates enslave a consumer and they can only tread water. Then there are times when a consumer has EARNED a low interest rate offer because of a stellar payment history. LEAVE THESE LOW INTEREST RATE PEOPLE ALONE!

The one million Chase Bank customers that Chase Bank is TARGETING ALL HAVE INTEREST RATES UNDER 6%! RAISING THEIR MONTHLY MINIMUM PAYMENT IS HURTING THEM FINANCIALLY IF THEY HAVE OTHER DEBT AT HIGHER INTEREST RATES.

This is highway robbery being committed by Chase Bank, and the Comptroller of the Currency seems to be aiding and abetting Chase Bank.

If you are hopping made about this wording please call (202) 874-5750 and tell the Community and Consumer Law Division of the Comptroller of the Currency that this section of the credit card reform bill must be changed so that people who are paying off higher credit card interest rate charges don't LOSE MONEY by now having to pay off low interest rate credit cards at a faster rate!

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

WESLEY WANNEMACHER TESTIFIES in front of CONGRESS about his CHASE BANK CREDIT CARD WEDDING DAY EXPERIENCE.

Wesley Wannemacher explains in front of Congress how a 3,200 wedding day debt on a 3,000 dollar Chase Credit Card ended up costing him something like double or triple the original amount borrowed. It is kind of an amazing story. 

Wesley Wannemacher's story is the kind of story that would do mafia gangsters and racketeers proud, because it was, and will continue to be a legal way to do business, even after the credit card reform bill that just recently passed congress.

Too bad Congress didn't connect what happened to Mr. Wannemacher and his Chase Credit Card Debt with what is happening all over America and see the value in lowering interest rate charges on debt older than three years old to zero percent for those who intend on paying off the old debt via monthly payments.

This would help start our economy faster than any other method out there, and do it from the ground up.

Help Daily-Protest.com grow.CHASE BANK PROTEST-DAY 9. HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.

Credit Card Default Numbers. What the Main Stream Media DOES NOT tell you is what matters most.

As I learn more and more about the credit card industry, I am beginning to find very deceitful articles coming out of the AP.

Either the credit card article is deceitful, or the writer has chosen to simply interview a banking industry "expert" and condense their words into a Public Relations fluff piece while proclaiming it as news.

The next time you read that credit card default rates are rising, ask yourself this question, "Is there a relationship between the consumer credit card default rate, and the credit card interest rate"? Of course there is a relationship between the two.

I'll go one step farther. It likely that for each percentage percent the credit card industry raises interest rates, there will be a corresponding rise of AT LEAST one percent in the default rate. So what does that mean? It means the credit card companies are on a self fulfilling prophecy to cause the default rate to rise even as they cry about it and expect sympathy!

This is just nuts!

This means our mainstream media has become so complicit when it comes to reporting financial "noose" around the consumers neck news that all I can say is be thankful that the mainstream media is not the only ones reporting what is happening, (ahem, internet blogs).

The next time you read a "report" about the credit card default rate with no mention of the rise in credit card interest rates as being the direct cause for the default rise, take a moment and reflect on how far our mainstream media has fallen in their quest to expose the real truth behind current financial and economic trends.

Help Daily-Protest.com grow.CHASE BANK PROTEST-DAY 9. HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.