Should Chase be worried? Even the WSJ is reporting about the former WaMu parent companies suit against Chase for $4 billion in assets it claims it owns and Chase took inappropriately. (article)
Lawsuits, WaMu failure | admin December 1, 2009 | 
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Looks like Chase is now enlisting bank tellers to pull the bait-and-switch high pressure sales tactics. This guy (story) was convinced to sign up for a credit line tied to his checking account which turned out to be a credit card, which he didn’t want. So he said no thanks, but was signed up anyways by the teller.
This story draws into question how well Chase has been able to integrate WaMu’s mortgage processing unit into their own system, despite their claim that the integration is done. Anyone out there having problems with their WaMu mortgage servicing by Chase? 🙂
Ineptitude | admin November 27, 2009 | Comments (0)
I’ve been arguing for years that there were too many bone headed policies and clueless employees at WaMu, and this story clinches it: WaMu make a second mortgage to O.J. Simpson, despite a $33 million civil judgment against him, because he told them the judgment was no good because he didn’t do it.
As a non-fan of Chase, I can’t say I am much of a fan of JP Morgan Chase CEO Jamie Dimon, which means I am not a big fan of the recent rumors in the media that he is a possible candidate to replace Treasure Secretary Timothy Giethner. Chase customers, how would you feel having the guy ultimately responsible for all the bone-headed Chase policies being responsible for banking and foreclosure policy, among other things?
Legal & regulatory | admin November 25, 2009 | Comments (0)
Chase’s statements about its foreclosure dissected.
Foreclosure | admin November 24, 2009 | Comments (0)
Well this is good news. Chase attempted to have the class action against it for closing HELOC accounts thrown out on the grounds that it didn’t owe any responsibility to WaMu customers. The Judge denied their motion. If you are a Chase customer, this is how the company you bank with thinks: they should be allowed to do whatever they want. (article)
Lawsuits | admin November 23, 2009 | Comments (0)
Another story of people unable to get a clear answer from WaMu/Chase – everyone they talk to gives them different information. (article)
