Video features Peter Meyer. No mention of the no opt out clause not being allowed, no mention of Chase Bank Pro-Active services, no mention of all the class action lawsuits that have been initiated.
Showing posts with label no opt out. Show all posts
Showing posts with label no opt out. Show all posts
Monday, August 3, 2009
Chase Bank YouTube Video about the 2% to 5% raise in the monthly minimum payment.
Tuesday, July 14, 2009
WARNING, MINNESOTA ATTORNEY GENERAL SUES NATIONAL ARBITRATION FORUM for FAVORING the CREDIT CARD COMPANIES AGAINST CONSUMERS.
I have been advocating consumers who are being victimized by Chase Bank and their raise in the monthly minimum payment from 2% to 5%, request arbitration. I just want to pass on a heads up that The National Arbitration Forum is being accused of Favoring banking giants such as Chase Bank, Bank of America, Citi Bank, and so on down the line, over the consumer.
I can imagine that if the results are not to the major banks liking, they simply will take their business to another, more "reasonable" arbitrator. It is not that far of a stretch to feel compelled to somewhat manipulate results if your employer will fire you otherwise.
I can imagine that if the results are not to the major banks liking, they simply will take their business to another, more "reasonable" arbitrator. It is not that far of a stretch to feel compelled to somewhat manipulate results if your employer will fire you otherwise.
This is the exact same kind of game playing that allegedly goes on in the food industry business. If a food giant hires a food inspection company to document that they follow safe food handling practices, just how far will the company that has been hired by the food giant go against the very company that is probably paying them for favorable results.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
I have read on the internet allegations that some home appraisers may be giving out appraisals that favor the banks agenda on a case by case basis.
The beat goes on.... or should I say, the consumer beating goes on.
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.
Monday, July 13, 2009
Is JAMIE DIMON and CHASE BANK about to RETREAT on their 2% to 5% RAISE in the MONTHLY MINIMUM PAYMENT?
There are some hard core Chase Bank haters who are hammering away on the internet, contacting the media, complaining directly to Chase Bank, posting to the Chase Sucks Forum or at Change in Terms dot com, or writing a complaint at Consumer Affairs dot org.
Then there are hundreds of bloggers who are pissed off and will devote entire articles to their hate for Chase Bank. These bloggers don't have a dedicated blog to hating Chase Bank, but they have used their regular blog about coupons, headphones, raising kids, being in love, to suddenly go off topic and complain about Chase bank! I mean, WOW!
Then there are the thousands who are also taking the time to write letters to Consumer Affairs dot org, their congress person, the Office of the Comptroller of the Currency, or the board of directors of Chase Bank, or just complaining to Chase Bank customer service.
Then there are the people who are googling, who have never before googled phrases such as "raise the monthly minimum payment", "OPT OUT", "Change in Terms", or "Chase Bank Protest". I can only imagine the feeling of vindication and rejuvenation they might feel when their google search reveals actual links to blogs and articles where others express similar sentiments such as feeling like they too have been kicked in the stomach, by Chase Bank.
Considering that this is a free google blog, I have still put HUNDREDS OF HOURS into it in front of the key board, plus several dozen more hours actually protesting on locations, even making the protest signs takes time. I can't forget the almost 10 bucks for magic markers to make my protest signs with and free white cardboard stock from Costco.
Therefore seeing the recent spike in readership here is gratifying.
We all are motivating each other. The more hits Daily-Protest dot com and Bloggers Against Chase Bank dot com get, the harder I try. The harder I try, the more people seem to find my blog who then realize they are not alone, nor are they a loan.
On the one hand, I wish my audience was 10 times as large, as then I would know for sure that the messages from this blog are getting out there. On the other hand, my audience could easily be ten times smaller if Chase Bank had taken a different, less violent approach towards their customers.
Don't give up, please show up here every day, say hello. It all helps remind Chase Bank that strangers who don't even know each other or even live by each other, are amassing against them.
Just imagine if each one of you put up a Daily-Protest.com sign where others could see it, ouch!
Fortunately, my own research has led me to the conclusion that Jamie Dimon cannot win. The best chance Mr. Dimon has to save his own job is a very fast retreat from the harsh position Chase Bank has chosen to take against millions of their best, most loyal, never late making a payment credit card customers.
Remember, Mr. Dimon is not even schooled in being a banker, and may I say, it shows.
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.
Friday, July 10, 2009
Chase Bank's 2% to 5% Monthly Minimum Payment INCREASE for 2 million customers WILL COST CUSTOMERS BETWEEN 100 MILLION TO 1 BILLION DOLLARS A MONTH!
Jamie Dimon of Chase Bank has mistakenly claimed that Chase Bank is raising the monthly minimum payment from 2% to 5% on 2 million of their most loyal, never make a payment late customers as a way to help them pay down their credit card debt.
Jamie Dimon is misinformed, and it concerns me that some one with so much responsibility and that has so many people counting on him to make intelligent, cognizant, truthful statements, could be so misguided.
How can Jamie Dimon run Chase Bank if he doesn't even understand a principle as simple as the most effective way for consumers to pay down their credit card debts?
To put this as simply as I can, the BEST WAY to get out of credit card debt is to pay off the highest interest rate cards FIRST by making bigger than minimum payments every month. The LOWER INTEREST RATE CARDS are paid the monthly minimum payment every month as the consumer is making larger monthly minimum payments on higher interest rate cards.
When Jamie Dimon raises the Chase Bank monthly minimum payment from 2% to 5% on LOW INTEREST RATE CREDIT CARD LOANS, he is making the most reckless decision he can make to his own customers who have never done him wrong but rather made their payments on time each and every month.
I have made an initial estimation that Chase Bank is COSTING THE AMERICAN CONSUMER BETWEEN 100 MILLION TO 1 BILLION DOLLARS A MONTH because of Chase Bank's "ME FIRST", SCORCHED ECONOMY approach to 2 million of their most reliable, never late paying customers by raising their monthly minimum payment from 2% to 5% on low interest credit card rates.
WILL SOMEBODY, ANYBODY, save us from the theft of our own survival resources by Chase Bank?
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.
Wednesday, July 8, 2009
CHASE BANK BAIT and SWITCHING, AGAIN! WHITE HOUSE, BARACK OBAMA, and REPUBLICANS DO NOTHING.
It seems as if Chase Bank is going to do whatever it wants to do when it comes to dealing with their credit card customers. Los Angeles Times Writer David Lazarus exposes the latest and ugliest Chase Bank Bait and Switch Swindle of the american consume as they change flat rate interest rate cards to variable rate instead, without even offering an OPT OUT option!
Just where is Oprah Winfrey, Suze Orman, David Ramsey, our Celebrities, Politicians, Sports Star Athletes, or 60 MINUTES when it comes to protecting the very people who support their media careers by watching their shows and buying their sponsor's products?
Are you still buying products from people who won't step up and protect the american consumer from the Likes of Chase Bank?
Monday, July 6, 2009
ARE YOU READY FOR PROTESTS AGAINST CHASE BANK?
CLICK ON IMAGES TO ENLARGE.If we do nothing now against Chase Bank's plan to raise monthly minimum payments on over a million of their never late, trustworthy customers, we will only have ourselves to blame.
In California, the people did something and started fighting back. Unfortunately, I don't believe it was correct to completely blame the state of California for the debt monster that the Credit Card companies first helped create, then won't help reduce by offering realistic credit card paydown programs that use INCENTIVES rather than punishment.
Read the AP article and you will discover an insidious debt cancer that starts when the credit card companies over charge for their services. The link above takes you to Bloggers Against Chase Bank for a more complete explanation of what the AP has uncovered, along with a link to the actual article.
Saturday, July 4, 2009
REVIEWING WHAT IS EVIL ABOUT CHASE BANK'S 150% INCREASE in the MONTHLY MINIMUM PAYMENT.
What Chase Bank is not saying is that the "one-two percent" that they are blindsiding with a 150% increase in the monthly minimum payment are a million to two million of their most trustworthy, reliable customers who were never late making their payments AND were benefiting from a low interest, life of the loan interest rate!
Chase bank appears to be trying to default their most reliable and trustworthy customers by raising the monthly minimum payment on them by an additional 150% because Chase Bank wins no matter what happens next.What makes the situation completely unacceptable is that Chase Bank is NOT ALLOWING THESE OVER ONE MILLION VICTIMS STRONG to OPT OUT of the change in terms to their pre-existing agreement.
If these one million plus blind sided, previously never late paying Chase Bank customers pay the additional 150% increase in the monthly minimum payment requirement, Chase Bank saves a ton of money by accelerating the pay down on these low interest, life of the loan interest rates, a move that has been aptly labeled bait and switch by an LA Times Headlines.
If these one million Chase Bank customers cannot afford the new 150% higher monthly payment requirement. they will default on the special low interest rate, life of the loan account, the interest rate jumping from 3.99-5.99 percent to as high as 29.99%, and their credit rating will be affected as well.
The other point that NOBODY MAKES is that other credit card companies HAVE NOT raised their monthly minimum payment requirements, and if they do, they will MOST LIKELY OFFER AN OPT OUT OPTION TO THEIR CUSTOMERS, whereas CHASE BANK DID NOT!
If Chase Bank succeeds in raising their monthly minimum payment by 150%, they are basically jumping their payback requirements ahead of all the other banks. This then makes the other banks look bad to their investors and literally forces them to do the same thing. If Chase Bank demands a bigger cut of the monthly minimum payment pie, why shouldn't all the other banking boards do the same thing to customers cannot afford it?
I am actually for higher minimum payments, as long as they are done when someone gets their first credit card, not after they have built up debt under the 2% monthly minimum rule and are using the low interest rate card to pay down that particular bill while paying down higher interest rate cards first, which is EXACTLY how Chase Bank marketed the discount offer to ALL OF THESE CUSTOMERS they are now blind siding.
If Chase Bank succeeds in raising the monthly minimum payment by 150%, consumers will have LESS AVAILABLE MONEY every month to pay other higher interest debts. Chase Bank's demand also suctions much needed money from local economies as people will have absolutely no additional money to spend, even on basic necessisities.
When these consumers credit rating is lowered for defaulting on these Chase bank accounts, they will be paying higher interest rates in the future as well, resulting in less money every month for the local economy.
EVERYBODY is watching to see if Chase Bank succeeds with their "me first, screw everybody else" mind think. Read the consumer affairs dot org link to see how Chase Bank is devastating over a million people come August 2009.http://www.bloggersagainstchasebank.com
Thursday, July 2, 2009
CHASE BANK RAISING MONTHLY MINIMUM PAYMENT ON OVER A MILLION CUSTOMERS AND CHASE BANK CREDIT CARDS ARE THE TWO TOP STORIES AT CONSUMER AFFAIRS DOT ORG
Click HERE to go to Most Viewed Pages on CONSUMERS AFFAIRS dot org.Should anyone be surprised that the NUMBER ONE and NUMBER TWO STORIES on CONSUMER AFFAIRS dot org are about CHASE BANK, and they are not complementary stories, that is for sure.
Keep the heat on. Lets make signs that say Daily-Protest.com on them and put them where others can see them, such as in storefront windows, countertops, and bulletin boards. This technique is working magnificently for Seven Eleven!
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.
Wednesday, July 1, 2009
PLEASE VOTE IN THE LA TIMES IS CHASE BANK EVIL POLL.
Please vote in the LA Times Chase Bank Poll. The article by Dave Lazarus is pretty good, the headline is spectacular, but there are a couple of unfortunate omissions. Mr. Lazarus implies that Chase has defeated the lawsuits against them when they have not by stating that what Chase Bank has done is despicable but possibly legal (the lawsuits are still ongoing).
Mr. Lazarus does not mention opting out. However, the mentioning of bait and switch is very strong and I am very happy that was included in the actual headline of the article, wow!
I find it frustrating that the LA Times IS NOT ALLOWING COMMENTS on this article, a disturbing trend in my opinion. However, to the LA Times and Mr. Lazarus credit, they did put a poll in this article and Chase is just getting pasted! Please join in the fun and vote. It actually does matter.
Although comments are enabled beneath the article, Mr. Lazarius can also be reached by email, which I think is very cool (I always recommend the ultimate in politeness when emailing a writer).
Apparently, internet news etiquette is either comments can be left but the writer may not be contacted, or if comments cannot be left, the writer can be contacted via the internet. That seems to be the case for most articles left on newspaper websites, except for the AP, which appears to not allow either contact with the writers of their articles, nor can comments be left. Yeesh.
Monday, June 29, 2009
ANOTHER CHASE BANK RAISES the MONTHLY MINIMUM PAYMENT STORY but the REPORTER MISSES KEY PARTS of the STORY.
I consider this article to be incomplete and seems to give the impression that we the consumer, can do nothing to stop Chase Bank. The article reports the story about Chase Bank raising monthly minimum payments from 2% to 5%, but they leave out critically important information like Chase Bank's refusal to allow the consumer the right to OPT OUT of any change in terms.
The article then quotes Chase Bank and does not even bother to get an opposing viewpoint even though hundreds of blogs are voicing their displeasure with Chase Bank's methods, methods that have yet to be replicated by any other bank.
The article appears to me to try and validate Chase Banks position. You have to reload the story once or twice before you see the comments section appear. The end result is, the article simply reinforces the idea that Chase Bank can do whatever it wants, and we have no say. That of course, is nonsense. Lets fight back, but in a polite way.
Please email the reporter ( KCheatham@wsbt.com ) and politely ask why she missed the issue of OPTING OUT.
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.
Saturday, June 27, 2009
STILL MORE CHASE BANK CREDIT CARD WARNINGS from FELLOW BLOGGERS.
I have so many different responsibilities everyday that it is practically impossible to keep up with the out of control evil empire that is Chase Bank, so when I find a blogger who is warning their readers about Chase Bank, who is to say how many more are out there that I have missed?
This isn't the first blogger that I have highlighted, and there will probably be more and more as time goes on.
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.
Thursday, June 25, 2009
LOOK AT HOW FAR CHASE BANK HAS FALLEN.
WARNING, this link is for a Chase Bank Ad. I just want to highlight how far Chase Bank has fallen. Once again, Chase Bank is enticing people to sign up for a NEW CREDIT CARD and INTRODUCTORY ZERO interest rates even as they continue to STAIN and DEFAULT the good name of hundreds of thousands of their best customers. Chase Bank is INCREASING the MONTHLY MINIMUM PAYMENT BY 150% ABOVE and BEYOND what THEIR NEVER LATE PAYING CUSTOMERS WILL BE FORCED TO PAY.
What is even sadder is that right in the ad it says that the length of time one gets the zero percent rate will depend on their credit rank. Huh? Chase Bank is going to tell someone they have stinky credit even as they give them a credit card??? Yet Chase Bank is scolding other established customers who have never been late on their payments by raising their monthly minimum payment to the point where they will default?
Who are these Chase Bank clowns and why are they not in jail or at least charged with treason against law abiding U.S. Citizens? Is Chase Bank reaping greater profits by defaulting their own customers then they are by just being a good, upstanding bank?
Tuesday, June 23, 2009
Chase Bank Arbitration Request by Daily-Protest.
I got my notice yesterday that Chase is raising my monthly minimum payment from 190 dollars to 470 dollars. No, I am NOT allowed to opt out of this change in terms. I've never been late on a payment and always paid a bit more than the minimum, and I was PROMISED life of the loan low interest rate AND OPTING OUT is a courtesy that credit card companies allow 99% of the time!
I will be requesting arbitration on this matter. (this is my right). Chase Bank is evil. How can some just observe and judge and not feel any anger over how unfairly your fellow neighbor is being treated? Look up the word obtuse if you dare.
HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.
Tuesday, June 16, 2009
Monday, June 1, 2009
CHASE BANK Officially CHANGES TERMS on LOW INTEREST CREDIT CARD "LIFE OF THE LOAN" LOW INTEREST RATE AGREEMENTS without offering an OPT OUT OPTION.
Chase Bank, also known as "Change Bank", has changed terms on their low interest, life of the loan offers without offering an opt out clause to their customers. How could Congress, Bernanke, Barack Obama and others, choose to pretend it is ok to not allow customers to opt out when a bank or credit card company changes terms on an existing financial agreement?
This is the number one test of the integrity and mettle of a public figure, do they agree that consumers have the right to opt out of a change in terms, or not? So far, the answer is not, and you should be upset whether or not you have credit card debt.
Friday, May 15, 2009
DAY-39, CHASE BANK PROTEST.
Thursday was spent reading and responding to various Chase Bank articles on the net. I have a couple of exciting new things coming up. I will reveal one of them in my next article.
Tuesday, May 12, 2009
Day-36, Chase Bank Protest. ATTENTION Democratic Senator Richard Durbin, I'm Ready, Willing, and Available to be a Consumer Watchdog.
Democratic Senator Richard Durbin, I, Alessandro Machi, publicly claim to be a consumer advocate watchdog. Over the years I have done my own form of consumer activism on a very local level. I also was one of the first to out a trust company scam had sales people coming to people's homes to "update trust accounts" but was actually a front that enticed California senior citizens to put their life savings in uninsured accounts.
One of the things I am most proud of is writing every attorney's general in the United States back in 2004 and protesting GM Card changing terms without allowing me to opt out of the change in terms.
Five years later and this has become one of the biggest issues in regards to credit card companies. My idea back then is only now, five years later, being considered.
Notifying somebody 45 days advance notice that their credit card interest rate is going up becomes irrelevant if the customer is not allowed to stop the change in terms by opting out.
Nor should opting out be cause for the credit industry to lower one's credit score since it is actually represents a consumer being responsible with their credit.
Being responsible when it comes to credit should never lower one's credit score. Creating incentive based credit card programs is something I have been suggesting for the past several days, and it is an idea that I probably am the first to suggest.
Wednesday, May 6, 2009
DAY-31 CHASE BANK PROTEST and ANOTHER CHASE BANK DOES THE WRONG THING UNTIL A MEDIA CONSUMER ADVOCATE GETS INVOLVED.
CLICK ON IMAGE TO ENLARGE.It seems that with each passing day I find another consumer advocate saves a Chase Bank customer from the clutches of Chase Bank indifference and arrogance. It seems as if everyday brings a new story of a media consumer advocate helping a Chase Bank Customer get their money back from some type of Chase Bank shenanigans.
Chase does the right thing only when a consumer advocate with newspaper ties gets involved.
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.
Monday, May 4, 2009
DAY-29, CHASE BANK PROTEST, On and On and On goes the Chase Bank Commercial currently airing in California.
I've been trying to track down how much Chase Bank is spending just in California alone on their insipid and uninspiring "Blue Sky" commercial ditt featuring the John Lennon song Instant Karma. (...On and On and On, Well we all shine on, like the moon, and the stars, and the sun, well we all shine on, everyone come on...)
Lennon's song is covered by Peter Murphy, former lead singer of the band Bauhaus. The commercial is from the advertising agency of McGarry Bowen. I haven't found the advertising budget but it has to be at least 10 million dollars, maybe much much more based on the commercial running once every half an hour on many different channels during prime time and late night news time for the past several weeks.
While Chase causes misery, stress and financial hardship with their "Change in Terms but you can't opt out" policy, Chase Bank glibly spend millions upon millions trying to delude people into feeling better. Yech. Even David Letterman just used the phrase on and on and on.
Subscribe to:
Posts (Atom)
