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Article #4865

Chevy Chase Moves to Va. to RAISE Interest Rates to 30%!!!!!

#4865
From: Bruce Preudhomme
Date: Wed, 02 Oct 1996 00:00
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Warning! Warning! Warning! Warning! Warning! Warning! Warning! Warning!

Attention all Chevy Chase Bank customers! Be advised that following Chevy
Chase Bank's move of their headquarters to Virginia, they have begun
systematically raising the interests rates on ALL of their accounts to 25%
to 29%.  This is being done on accounts that are delinquent as well as ones
that are NOT! Already thousands of complaints have been received by the
Maryland Consumer Credit agency. Chevy Chase Bank left the state of
Maryland because the ceiling is 24%. So if your bank is in Virginia or
plans on moving their, grab your wallet! Remember if they succeed other
banks will follow!

The only way to get the message across and stop this madness is by all
Chevy Chase customers closing their accounts. Also be advised they are
owned by B. F. Saul so boycott them as well!!!!!

When you pull your accounts from Chevy Chase Bank, let them know why! Write
them, call them! Let's flood them with complaints. Call their office at
1-800-937-5000. Ask for Les Rosenberg the Vice President of "Customer"
Service.  Let them know how you feel and remember they are doing this to
customers in good standing as well as customers who pay late.

To write Chevy Chase Bank to file a complaint:

			Presidential Complaints
			Chevy Chase Bank
			P.O. Box 999
			Frederick, Maryland 21705

Even if you are not a Chevy Chase customer you should be concerned, because
if Chevy Chase is allowed to get away with this then others will follow...

Other numbers to call:

Federal Trade Commission at 202-326-2222
Maryland Consumer Credit at 410-333-6830
Maryland Attorney General at 410-470-7534
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From: "Bruce Preudhomme" <brucep@erols.com>
Subject: Chevy Chase Moves to Va. to RAISE Interest Rates to 30%!!!!!
Date: 1996/10/02
Message-ID: <01bbb072$68247280$4f6a60cf@doug01.erols.com>
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