🚀 go-pugleaf

Are you one of the tens of thousands of customers who were victimized by
Chevy Chase Bank's alleged "risk based pricing"? Were you someone who had
been paying their bills on time, who over night went from a customer in
good standing to a credit risk and was then imposed 25.99% (and higher)
interest rate on their ENTIRE outstanding balance without warning or
consent? 

In January of 1996 Chevy Chase Bank relocated their headquarters from
Maryland (where there is an interest rate ceiling of 24%) to Northern
Virginia (where there is NO CEILING and they are virtually UNREGULATED).
This was no overnight move but a carefully thought out and planned move
designed with specific intentions. Shortly after they moved they began
increasing interest rates on specifically targeted customers. The interest
rate changes were imposed on the entire balance and without consent or
approval. They then made several changes to their "Terms and Conditions"
including several which attempt to take away your constitutional, civil and
federally protected rights!

There is much more to this story and many of the victims are NOW uniting
their efforts to take legal action against Chevy Chase Bank, to inform the
public, and to bring about changes in the law!

Another intesting article "Credit Card Flood Leaves Sea of Debt" in the
Washington Post page A01, the article talks about how banks like Chevy
Chase Bank lures people, tempts people into running up high balances even
if they can not afford them. More important is this quote "One Rockville
couple with annual income of $35,500, recently filed for bankruptcy." Among
cards listed in their filing were TWO Chevy Chase Bank cards!!!!

In May of 1997 an article in the Washington post reported that the
BANKRUPTCIES in the state of Maryland shot up 41% in 1996 (WELL above the
national average). One does not have to look far for a cause and effect
relationship when one of Maryland's former largest banks decides to jump
state lines so they can raise interest rates to 25.99% and HIGHER in the
same year!

We have formed an Internet Email Mailing List for people who would like to
help this effort. This resource is totally free for use to anyone who has
an Internet email address. Just follow the instructions below!
�
Subscribe to the Chevy Chase Bank Victims Mailing List by coming to our web
page http://pursuit.kis.net/public/chevy.htm or send an email message to
ccbank@pursuit.kis.net with the single word SUBSCRIBE in the message
SUBJECT  

Other resources, links and sites pertaining to Chevy Chase Bank and other
consumer rapes are listed below:

The Chevy Chase Bank Victums Homepage
http://www.atomicweb.com/chevychasebank/

News 4 Reports on Chevy Chase Bank's admission that they fled Maryland
because of the lack of consumer protection in Virginia. Check out the FULL
NEWS 4 report to see the beginning of the devasting impact of Chevy Chase
Bank's actions of innocent, law-abiding, and bill paying consumers. Also,
News 4 is preparing a follow up so stay tuned to News 4 and us!
http://www.nbc4.com/consumer/chevy.html

What's in a name? Well Chevy Chase Bank tried suing this guy for his name!
http://www.chevychase.com

Yet, another lawsuit and investigation into ILLEGAL activities by Chevy
Chase Bank, FSB. I guess Chevy Chase Bank will do whatever it takes to make
money by hook or by crook! http://webpan.com/pgrice/chevy.htm

Also, you should check this out! CCB's delinquency rate is second only the
HFC (which is significantly larger in size and distribution than CCB).
CCB's rise to the top started shortly after implementing their own version
of a get rich scheme that they called "risked based pricing". It is driving
Marylanders to bankruptcy court in record numbers which hurts ALL
tax-payers: ����

Mary Rowland in Money Insider, short list of banks with "serious
delinquency problems" 
http://moneyinsider.msn.com/content/takingcharge/credit/cr11side1.htm where
she warns
"Stay Clear of Top Banks With 'Serious Delinquency Rates'
"... the concentration pattern is even more pronounced at the five thrifts
with the highest serious delinquency rates holding more than 40 percent of
savings and loan credit card debt, Heller says.

1. Household Bank, WoodDale, Ill.
2. Chevy Chase Bank, McLean, Va.
3. Capital One, Falls Church, Va.
4. Avondale, Chicago
5. Citibank, San Francisco