As an aside, WaMu’s charter was under the Office of Thrift Supervision (OTS). Chase’s bank regulator is the Office of the Comptroller of the Currency (OCC). Whether being a Chase customer was your choice or not, if you ever have a major complaint about Chase regarding what you feel is on the bank’s part malfeasance, you’ll want to send it to the OCC.
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So what does this mean for your average WaMu account holder (like me)?
@Thassodar:
[consumerist.com]
@EarlNowak: Indeed, good sir. It seems I had skipped that article in the past. Thank you.
Ding dong, the witch is dead.
What’s the difference between the two offices?
You down with OCC?
@ret3:
Yeah, you know me.
Ugh. This is the final straw for me. Credit union, here I come!
I feel bad for the WaMu employees (at least the vast majority of them – the ones having nothing to do with selling toxic loans). I’ve banked with them for ten years, and have had nothing but a positive experience. Here’s hoping that many or most workers can remain employed, and that the new management is worth remaining employed with.
I’ve got a mortgage with WaMu. It will be interesting to see how that goes.
Thanks for the heads up!
The OCC does jack squat as a regulator. The mission of the agency is to promote banks, not protect consumers. So good luck sending your complaints to them; they won’t care.