Chemical Banking Corp.'s new advertising campaign is ringing too true for some customers. They can "expect more" from the retail banking giant -- including tougher penalties for late card payments.

About 2.5 million people whose credit cards were issued by the late Manufacturers Hanover Corp. were recently informed that they would lose some late-payment and overlimit privileges.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.