Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 1 Share on Twitter Printer Friendly Page More Sharing
General News    H3'ed 7/8/15

JPMorgan to pay over $125 million to settle U.S. credit card debt probes

Follow Me on Twitter     Message Sheila Samples
Become a Fan
  (49 fans)
JPMorgan Chase Tower
JPMorgan Chase Tower
(Image by Kent Wang)
  Details   DMCA

JPMorgan Chase Co (JPM.N) has agreed to pay at least $125 million to settle probes by U.S. state and federal authorities that the bank sought to improperly collect and sell consumer credit card debt, according to people familiar with the matter. The settlement also includes about $50 million in restitution, the sources said. The nation's largest bank has been accused of relying on robo-signing and other discredited methods of going after consumers for debts they may not have owed and for providing inaccurate information to debt buyers. Robo-signing refers to signing documents in mass quantities without reviewing records.
Read the rest of the story HERE:

At www.reuters.com

 

Rate It | View Ratings

Sheila Samples Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: