I painted my 550 fenders this past spring. I cleaned them, scuffed them up real good, and then used adhesion promoter, by duplicolor. (bought it at advance auto) it is specifically made for chrome. It is a clear primer, and has worked well for me, although it's only been a few months.
I searched google while I was trying to paint mine, and some people suggested using an acid to eat away the chrome. I believe the works, toilet cleaner, was suggested. I just used a wire brush, sanded it for a long time, used the adhesion promoter, then sprayed on a few layers of good old rustoleum. After wet sanding them with 1500 and a good buff job, both front and back look flawless.
Just make sure you wear down all the shiny to a dull with paper before painting.
Some people say it will not last, others say this method lasted for years with no peeling. Only time will tell

Good luck