JPMorgan Chase Gets Slapped for Derivatives Trading Activity

The Office of the Comptroller of the Currency (OCC) announced today the issuance of a cease and desist order, by consent, against JPMorgan Chase, N.A., for unsafe and unsound practices and violations of law or regulation related to derivatives trading activities conducted on behalf of the bank by the Chief Investment Office (CIO). The OCC … Read more

Chris Kohl at JP Morgan Chase Would Probably Love to Know if This is True

Rumors are flying and now it’s time for you to share what you know on this. Two different very reliable sources have shared with me two similar stories that have piqued my interest. Apparently, a very large national debt settlement company has been pitching the idea of pairing up with some non-profit credit counselors to … Read more

Use a Debit Card from Chase Bank? Prepare to Have it Declined.

Chase Bank is talking about significantly reining in debt card transaction limits to $50 or $100. The reason, so the can make more money. Recent legislation capped the amount the bank can charge retailers per transaction for using a debit card. Currently it is 44 cents per debit card transaction but soon it will be … Read more

Chase Class Action Suit For People Offered a Chase Fixed Annual Rate Credit Card

This might be of interest to you if you were offered a fixed rate credit card from JP Morgan Chase and then they switched the terms. This is an ongoing investigation and pending consumer class action against Chase Bank USA and JPMorgan Chase & Co. (hereinafter “JP Morgan Chase”) in which it is alleged that … Read more