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Chase fined $216M over debt collection | Bankrate

Photo courtesy of Michael Daddino https://www.flickr.com/photos/epicharmus/2418468488

JPMorgan Chase will pay $216 million, $50 million in consumer refunds and the rest in fines and penalties to the government. (Yes, I know. The majority should be paid directly to consumers, not the government!) They had been accused of selling bad credit card debt and illegally robo-signing court documents. They are also required to clean up their debt-collection practices.

Click the link below for the full story.

Source: Chase fined $216M over debt collection – Bankrate.com

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