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Posts Tagged ‘JPMorgan Chase’

Chase To Pay $389 Million Over Illegal Charges For Credit-Monitoring Services

JPMorgan Chase has agreed to pay out nearly a billion dollars to close investigations related to the 2012 “London Whale” trading fiasco, and now is told it must pay out $309 million in refunds and $80 million in penalties over illegal credit card charges for ID and fraud-protection services customers never ordered. In order to…

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Big Named Banks Partake In Payday Loan Profits

By K&S on February 27th, 2013 | No Comments

Posted in: Debt Scams
Tags: , , , , ,

With 12.5 million Americans unemployed and many facing inevitable debt harassment, consumers are turning to online payday loans, often with obscene interest rates in excess of 500 percent, to make ends meet. To the financially strapped, worrying about today has displaced planning for tomorrow, virtually assuring future financial problems, ruinous effects to their credit report…

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JPMorgan Chase Hit With SEC Whistleblower Complaint Over Credit Card Practices

The allegations charge JPMorgan with robo-signing, which is the automatic generation of documents such as foreclosure notices without a notary or following the legal process, among other illegal practices.


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