@Anonymous wrote:
@SouthJamaica wrote:I have a hunch it's not legal to open a new account in someone's name without their consent. You have to give them a chance to opt out.
I hope the CFPB gets involved.
As far as I remember, over the years my mortgages were sold to other lenders (thus opening a new account in the same sense) without my consent or indeed the opportunity to opt out.
ETA: Looking at the Chase credit card agreement on their site, under Assignment:
We may assign your account, balances you owe, or any of our rights and obligations under this agreement. The third party is then entitled to any of our rights that we assign to them.
It doesn't give the assignee the right to open a new account in your name without your consent. That's not a right Chase had, so it's not a right included in the assignment.
@Anonymous wrote:
@SouthJamaica wrote:
@Anonymous wrote:
@SouthJamaica wrote:I have a hunch it's not legal to open a new account in someone's name without their consent. You have to give them a chance to opt out.
I hope the CFPB gets involved.
As far as I remember, over the years my mortgages were sold to other lenders (thus opening a new account in the same sense) without my consent or indeed the opportunity to opt out.
ETA: Looking at the Chase credit card agreement on their site, under Assignment:
We may assign your account, balances you owe, or any of our rights and obligations under this agreement. The third party is then entitled to any of our rights that we assign to them.
It doesn't give the assignee the right to open a new account in your name without your consent. That's not a right Chase had, so it's not a right included in the assignment.
They are not opening a new account, the old account has been assigned to the new assignee, just like with a mortgage. But believe as you will!
According to the notice sent by Barclays, even if you opt out, they will open a new account in your name, and then close it.
@gingerflower wrote:I was lied to 3 times I kept calling to be sure. Comment was rest assure Ms...Your AARP CHASE account will not be transferred over to Barclays! Yeah right! 🙄
Sorry to hear that. I was told the first time I called that my AARP card would be transferred to Barclays because I'm with AARP. I tried a few weeks later and got the same correct but sad info. On that called I inquired about PC to a Chase card at that time. Not possible.
I think the fault is with AARP. AARP decided to sell the portfolio to another issuer. I'm not a big fan of AARP. They talk a big game about advocating for seniors. In reality they would put their mommas on the block if it turned a coin.
At any rate I have no plans to keep the Barclays card. All my aggravation quotient is sucked up by American Express. 
Got a letter from Chase today that said my account will be transferred to Barclays next month..... Already knew it from the Barclays pack a week or so ago.
