JPMorgan Chase and the Terrible, Horrible, No Good, Very Bad Day
The CFPB and the Attorneys General from 47 states and D.C. are going after JPMorgan Chase for selling "zombie" credit card debt and illegally robo-signing court documents. Chase was ordered to stop collecting, enforcing in court, or selling more than 528,000 consumersâ accounts. In addition to the $30 million civil penalty to the OCC, Chase will pay at least $50 million in consumer refunds and$136 million in penalties and payments to the CFPB and states. Yeah... not a good day. [7/9/15]
