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Tag Archives: Washington Mutual

I remember the old WaMu, do you?

Jay MacDonald

I’m feeling all George Bailey this morning as I ponder my interview yesterday with Kirsten Grist, author of “The Lost Bank,” her chronicle of the rise and YouTube-worthy face-fall of my once and favorite bank, Washington Mutual.

But despite missing WaMu, I’ve adapted, if not quite warmed, to Chase. They’re trying to be more like George and less like Mr. Potter. They’re trying to please me, and trying counts for something.

Here’s the best heartwarming ending I can muster: Now every time the drive-through bell rings, my golden retriever gets his treat.
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Not understanding credit scores can cost you, survey says

Jeremy Simon

Consumers remain largely uneducated about credit scoring. That’s unfortunate, since a new survey suggests that by informing themselves and taking a few easy steps, borrowers could save billions of dollars each year.
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Credit card arbitration lawsuit resurrected

Jeremy Simon

The Wall Street Journal reported that an appeals court on Friday reinstated a 2005 lawsuit charging some of the leading U.S. credit card issuers with breaking the law by forcing credit card users to sign away their right to bring complaints to court by including arbitration-only clauses in cardholder contracts.
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WaMu expects surge in ’08 credit card losses

Jeremy Simon

Washington Mutual announced late yesterday that it suffered a fourth-quarter net loss, stemming from trouble in the housing market, and warned that it anticipates a surge in credit card losses for 2008
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