My two accounts with Washington Mutual were acquired by Chase Bank. I have never made late payments, overdrawn or deferred any payments. Since Chase took over the account, they have increased my rates and closed both my accounts. Trying to talk with someone regarding the matter is all but impossable. Since my accounts were closed I recieved a notice that one account @ 10.24 would be increased to @16.5. All this activity by Chase is obviously a means to an end which is to increase rates overall to the 18-22% as dictated by their CEO and do so prior to the full iumplemetation of the new regulations passed by Congress. I'll take aminute to thank the Congress for giving the banks, including Chase "our" money at !-1.5% in order to keep credit flowing. What they've done is take the money, close accounts in good standing and turn aroiund and impose higher interest rates all around while making credit even more difficult to obtain. The question is, who is sleeping with who? I invite anyone that has expereinced a similiar situation to e-mal me and perhaps as a group we can join in a class action to halt these unethical and predatory lending prractices once and for all. One other thing, I also invite you to notify Chase you no longer accept the terms of their one-sided "contracts", skip a paymnet, do not ppay or accept any late fees, or rates imposed by them.. If they borrowed your money via the Treasury Dept. to give it to you at over a 1000% subject to the availabity of your credit limit, once the availablity ceases, it seems to me, so does the rates. [email protected]