Wednesday, April 1, 2009

Chase pressured to end 'illegal' credit card fee

New York's attorney general has pressured Chase Bank into ending what he said was an "illegal" $10 monthly fee imposed on thousands of credit card accounts last November.

The coffer has additionally agreed to accord refunds accretion $4.4 actor to about 184,000 customers.

Atty. Gen. Andrew Cuomo had accused the coffer of arising the fee on barter afterwards adorable them in with promises of low absorption rates. He says banks can't swear one thing, again change the accord back times get tough.

Officials at ancestor aggregation JPMorgan Chase & Co. did not anon acknowledge Monday to buzz and e-mail messages.

Cuomo says the adjustment will save barter $22 actor over the abutting year.

No comments: