Post ID 44084

CFPB sales Chase and JPMorgan Chase to cover $309 Million reimbursement for prohibited Credit Card methods

Around 2.1 Million Consumers Receive Comprehensive Reimbursement

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) ordered Chase Bank United States Of America, N.A. and JPMorgan Chase Bank, N.A. to refund an approximated $309 million to a lot more than 2.1 million clients for illegal bank card methods. This enforcement action may be the results of work started by any office of the Comptroller associated with Currency (OCC), which the CFPB joined up with a year ago. The agencies discovered that Chase involved with unjust payment techniques for several charge card “add-on items” by charging you customers for credit monitoring solutions they failed to get. (more…)