What Are the Crimes of the Big Banks? (Chase)

THE CRIMES OF JP MORGAN CHASE:

  1. In 2002, JP Morgan Chase agreed to pay $80 million to settle charges that it deceived investors with biased research. (SOURCE)
  2. In 2009, Chase was sued for providing credit cards with specific terms required to maintain a low fixed APR, and then changing terms by adding a monthly service charge & increasing the minimum monthly payment. (SOURCE)
  3. In 2009, Chase was sued for providing credit cards promising a 2% monthly minimum payment to apply “until the balance is paid in full”, and then unilaterally changing the minimum payment from 2% to 5% of the loan balance. (SOURCE)
  4. In 2011, JP Morgan Chase agreed to pay $27 million to settle a class-action lawsuit that accused the bank of overcharging members of the military for their mortgages. (SOURCE)
  5. In 2011, a consolidated lawsuit challenged JP Morgan Chase’s legal right to nullify or limit home equity credit lines without adequate documentation that property values have dropped “significantly,” as required by the truth-in-lending law. (SOURCE)
  6. In 2011, JP Morgan Chase reached a $211 million settlement to resolve allegations that it cheated governments in 31 states by rigging the bidding process for reinvesting the proceeds of municipal bond transactions. (SOURCE)
  7. In 2011, JP Morgan Chase agreed to pay $153 million to settle civil fraud charges which alleged the bank sold investors a complex instrument that was secretly designed to help a hedge fund profit at their expense. (SOURCE) (SOURCE)
LOS CRÍMENES DE JP MORGAN CHASE:
  1. (Nota de traductor: Pronto vamos a traducir el contenido restante.)

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