Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly.
Originally posted by Zedux
The Morgan banking family are a right arm for the Rockefeller family so nothing to look here let's move on!
Originally posted by pyrodude
Ok, First off I worked in this division at the San Antonio office. In fact for a short time I worked for the manager they reference (Jason Lazinbat) and let me assure you there are some serious mis-representations in this article. First off a judgment is based on a balance plus fees. These fees are laid out in the contract that was accepted when the consumer got the card. On top of that is added the cost to collect and any filing fees for the attorneys. On average that was around $500-$750 by judgment. If the customer fights it in court fee's go up. I know everyone will say this robbery, evil and extortion. Ok, it’s tough, I get it. But you enter into a contract to repay the money. Also once you get to this department there a numerous ways to resolve it once your there. We offered payment arrangements, settlements and numerous other options. Anyway, I know I'm going to get slaughtered over this so go ahead, do your worst. Ask me whatever and see if I can answer questions or at least shed light on things. No I do not work, there any longer, I have since moved away from my beloved Texas. Also, the manager referenced in here, who is claimed to have said " just go along and get it in gear" (summed up) is one of the good guys, he is an excellent manager and great leader. He would be tough on someone but he would never do someone harm or force someone to do something either against the law or unethical.
Originally posted by dplum517
This is why I have a really big smile when I get a Chase Credit Card approval in the mail about once a week.
I take the letter and rippppp it in half and throw it in the garbage. I do that with all credit cards apps from BoA, Chase, Wells Fargo, etc...... the more letters I get the more pleasure it gives me to rip those suckers up.
The only credit card I have is from my Local Credit Union.edit on 15-3-2012 by dplum517 because: (no reason given)edit on 15-3-2012 by dplum517 because: (no reason given)