GE Money bank just raised my interest rate on a home improvement loan from 15.24% to 20.25% in one month, it had been at 15.24 for 20 months. I guess I'll have to go elsewhere, they just aren't competitive at all. Their indian call center has no authority to change interest rates, according to the lady I talked to every account went up to 20.25%.

A letter I sent to them:
This is in reply to your letter of 12/03/2009

You claim I am over drafted by $131.67

This simply isn’t true. To cover a prior overdraft I spent time and money wiring the money to you to cover and the account was positive as a result. But unknown to me you charged me $20 to RECEIVE a wire transfer, a deposit, something I was not informed nor told about and as a result this created a negative balance unknown to me of which you charged fees on fees due the account being in a negative balance state. A fee based on a fee is the most UNETHICAL way to do business! Thus by imposing a fee your computer imposed another and another and another fee, even on non banking days. How unethical! You receive billions from Uncle Sam and screw your customers. Well, I have had enough. I am not paying this extortion! Any action you take to damage, inconvenience me, in any way will be dealt with full legal consequences as well as be all over the Internet and your Investment sites as to how US Bank screws the unfortunate. You take a non existent overdraft, charge a fee to make it an overdraft, then allowing your computer to add $8 each day (even if a holiday or non business day) to this fictitious overdraft because you think you can get away with it. I have had enough. I am enclosing my ATM card and direct you to close the account. I will destroy all checks.

I expect an immediate apology, that the account be brought to -0-, and that will end the matter

WESCOM Credit Union Gouges Consumers.

My interest rate went from 9.15 percent to 19.8 percent
because they "sent a letter" to customers stating that they were going to do this if you used your card after NOV 09.
(which I did not do by the way)
What kind of fraud does it take to get the federal government involved ? This is flat out robbery. and now, in a time of despair and near depression ? This is despicable. People are struggling to survive and Banks are squeezing every last drop of blood from their customers they can get.
Reason being my F.I.C.O Score prompted this interest rate.
In one month,for NO reason, my score dropped 100 percent ?

Right. When will Americans get the justice they deserve ?

GE Money just raised the APR significantly for large numbers of consumers regardless of credit history, effective at the end of January 2010, just before phase 2 of the federal law protecting consumers against credit card abuse kicks in.

They should be investigated as many draconian measures are taking effect then and GE Money sent out a disclosure book of the changes in terms and conditions that even some lawyers would have a hard time figuring out.

GE Money should be investigated by UCAN, Consumers Union and the Federal Trade Commission.