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Bailout bank recipients raising fees and rates, changing due dates
This should be expected behaviour, right? Bank of America figures collecting taxpayers' monies isn't enough, they have to introduce ways to get the fee-averse customers into their revenue-generating nets.
Is Chase following Bank of America's "change in business practice" in anticipation backlash to the credit card industry changes 2010 brings? Many customers are fed up and are switching to smaller banks or local credit unions. How are business strategies such as removing incentives for credit card use, introducing new or phantom charges, eliminating fee-free accounts or making them dependent on direct deposits, eliminating interest on formerly interest-bearing accounts attracting customers?
Have these megacorporations evolved to a level where they no longer need customers? Or have they performed enough probability simulations to assess that the ignorant, inert and helpless will be enough to bring up their balance sheets?
Is Chase following Bank of America's "change in business practice" in anticipation backlash to the credit card industry changes 2010 brings? Many customers are fed up and are switching to smaller banks or local credit unions. How are business strategies such as removing incentives for credit card use, introducing new or phantom charges, eliminating fee-free accounts or making them dependent on direct deposits, eliminating interest on formerly interest-bearing accounts attracting customers?
Have these megacorporations evolved to a level where they no longer need customers? Or have they performed enough probability simulations to assess that the ignorant, inert and helpless will be enough to bring up their balance sheets?