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Tag Archives: chase bank

Chase Bank in Deep Shit Over Bad Debt Collection Practices


Over half a million consumers just caught a break with help from the Consumer Financial Protection Bureau. It appears the CFPB has taken tough action against a major bank for basically screwing over consumers who were being forced to pay debt they rightfully should not have had to. The CFPB Says… Today the Consumer Financial Protection Bureau and Attorneys General ... Read More »

    Money Management International Accused in Kick-Backs in Class Action Settlement

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    Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

      Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

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      Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem may exist here. One commenter ... Read More »

        Morgan Drexen Rumble With CFPB – Update


        Previously covered the suit filed by the debt settlement company Morgan Drexen against the CFPB, here. Today I went to see what, if any, updates there were on the case. Here is the latest: “The Court held two on the record telephone conference calls with the parties on July 24, 2013 and July 25, 2013, during which Plaintiffs consented to ... Read More »

          California AG Sues Over Chase Credit Card Collection Activity


          Attorney General Kamala D. Harris yesterday filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at ... Read More »

            Chase Minimum Payment Class Action Lawsuit Moves Closer to Paying Out

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            A kind reader and tipster (send in your tips here) let me know that the class action suit against Chase bank for raising minimum monthly payments is proceeding to paying out soon. The suit was brought in 2009 on behalf of consumers that had engaged in balance transfers to Chase Bank under the impression the minimum payment on the credit ... Read More »

              Chase Bank Alleged Fraud Executive Responsible for Foreclosure Victim Compensation

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              by Paul Kiel ProPublica An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase’s role in the government’s program to compensate victims of the big banks’ abusive foreclosure practices. The executive, Rebecca Mairone, worked at Countrywide and Bank of America from 2006 until earlier this year, when she ... Read More »

                Chase Bank Sent Me a Summons and Wants My Bank Details. Do I Have to Give It to Them? – Candy

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                “Dear Steve, Steve, i recieved a summons in regards to Chase bank: I contacted the law offfice that sent it to me and made arrangements to make payments on the debt owed, they are asking me for bills and checks stubs and bank information do i have to disclose that information to them? Also do i still reply to the ... Read More »

                  What Can I Expect From Chase Visa as We Near Charge Off? – Sarah

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                  “Dear Steve, Our $25,000 debt with Chase Visa is close to ‘charge off’ (approx. 30 days) as we are 6 months behind. So far, Chase have refused to settle – we had offered a $10,000 ‘one time’ (not installments) settlement payment to come from a family member. But most recently (they called about 2 weeks ago) we offered $8,000 as ... Read More »

                    Chase Bank Settles for Millions in Jacked Up Minimum Payment Case

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                    JPMorgan has agreed to pay $100 million to dispose of a suit filed alleging that Chase Bank jacked up the minimum payments due on credit cards, improperly. The $100 million settlement is 45 percent of the $220 million in alleged up-front transactional fees that consumers paid for the promotional balance transfer loans. The suit alleges Chase Bank wanted consumers to ... Read More »

                      Chase Bank Says They Won’t Settle Our Debt And Want Us to Go Bankrupt. – Sarah

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                      “Dear Steve, My husnabd and I are in the process of trying to settle $25,000 (just under) of debt with Chase (Visa credit card) for $10,000 (it would be a ‘one time’ payment – to come from my wonderful brother). We are now 5 months without making a payment to Chase. We have offered them the $10,000 and explained the ... Read More »

                        How Do We Get Chase to Remove Illegal Mark They Made On Our Credit Report? – Leslie

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                        We foreclosed on a home in CA in 2008. We paid taxes and mortgage payments while offering deed in lieu and a short sale offer (moving due to job needs). After the bank refused all, we stopped paying for three months and mailed the key and left the house in good repair, with taxes current until auctioning. We are in ... Read More »

                          Chase Bank – Scam, Complaint, Review, or Praise?

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                          Please share your experience with this bank and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this bank. Here are some potential questions you might be able to provide ... Read More »

                            Chase Stops Suing Consumers Over Debt

                            In a move that will most certainly not be permanent, JPMorgan Chase is reported to have stopped suing consumers over debts. The American Banker is reporting that almost overnight, suits to collect debts by Chase have nearly stopped. A rumor exists that the Office of the Comptroller of the Currency is looking into issues surrounding Chase consumer debts. Those actions, ... Read More »

                              Freedom Debt Relief, Chase Bank, & Nonprofit Credit Counseling

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                              In a recent story that a reader brought to my attention, Freedom Debt Relief did a good thing and fully refunded a disgruntled California couple the $3,290 fee they paid Freedom Debt Relief for advanced fee debt settlement services after they got sued and Chase Bank said they would not work with Freedom. A double pat on the back to ... Read More »

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