Chase’s regulator visits anti-chase site
I’ve always found it interesting that Chase has never tried to contact us to see what it would take for us to stop publishing this site. It is clear from our server logs that Chase personnel do regularly visit our site. Whether this is just random Chase personnel bored with not doing their jobs very well or upper level management types keeping tabs on the vocal dissenters, is a big mystery.
Well, in a twist to this game, apparently someone from the Comptroller of the Currency, who regulates Chase bank visited chasehomefinancesucks.com. Just for the record, I haven’t checked our logs to see if we have had similar visits. We can only hope they are on a fact-finding mission and plan to actually start regulating banks like JP Morgan Chase.
Legal & regulatory | admin June 12, 2010
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By Brady Phenicie, June 12, 2010 @ 6:21 am
We could hope but I don’t think so. I have had a case with the O.C.C for over a year now. Nothing has happen to Chase. How do they get away with breaking every Mortgage law and nothing happens to them. I call the O.C.C every month and they say there working on it. It is like the fox in the chicken coup, he is working on it to. O.C.C makes their money being paid from the Large Banks not by our taxes. So why would they want to get the banks in trouble.
By admin, June 12, 2010 @ 8:00 am
I would have to agree that there is little hope these guys are actually doing something about the problems that get reported to them. I suspect that most regulators suffer from the same problems the MMS had with BP that led to the Gulf oil spill; they are simply too in bed with the people they are supposed to regulate.
I had a similar problem with the California Public Utilities Commission, which, among other things, regulates moving companies. We had a horrible experience with a mover and they very clearly broke the law. We filed a complaint with the CA PUC and it took a year of continually poking and prodding them to actually investigate, and when they finally did, they found insufficient evidence to take any action.
But despite some pretty strong evidence that this is how most of these type of situations will end up, with no action taken, I still feel pretty strongly that it is important to go through the exercise of filing complaints through proper channels. Why? Because if enough people did this, the OCC and regulators like it would HAVE to take notice. Mind you, that doesn’t stop me from complaining through every other possible channel, because everyone knows that the squeaky wheel gets the grease.
In the case of the above mentioned moving company, what finally got the job done was the fact that the bonehead moving company, which by the way had an F rating with the BBB, didn’t bother grabbing the domain name that matched their actual name. I happily registered it and put up a website telling all who cared to read of the horrible ways that company treated its customers. The movers eventually changed their name, I can only hope because of my website.