FlyerTalk Forums - View Single Post - Chase closed my credit card account(s) [Archived 2013-mid 2019]
Old Apr 23, 14, 5:10 pm
  #261  
Often1
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Join Date: Aug 2010
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The regulatory burdens associated with people who churn and engage in other risky behaviors cost financial institutions money. So they look at the customer relationship. If they are assigning an AML specialist, producing SAR's and dealing with account openings and closings, and you aren't a HVC, why on earth would they want to keep you? So, they largely fire you.

As regulators get tougher, this process will become tougher.
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