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Tag Archives: jpmorgan chase

JPMorgan Chase – CFPB Complaint – 1310893

Consumer Said: “XXXX XXXX, 2015 both my checking and saving accounts where closed with out notice by Chase bank. The suspension of my account was noticed due to restriction of access to my account via Chase ‘s mobile app. Upon calling chases customer service I was informed that chase has the right to end any business relationship at anytime and ... Read More »

    JPMorgan Chase – CFPB Complaint – 1304327

    Consumer Said: “We have our current mortgage with Chase Home Finance. Have excellent payment history. We kept getting letters about refinancing at a lower interest rate. When I did call the rate was not as low as my letter but they could still get us a lower rate than we currently have and less years. They describe the letter as ... Read More »

      JPMorgan Chase – CFPB Complaint – 1290253

      Consumer Said: “I have an open and current mortgage with Chase Bank # XXXX. Chase is reporting the loan payments to XXXX but XXXX is surpressing the information and reporting the loan as Discharged in BK. This mortgage was reaffirmed in a Chapter XXXX BK discharged dated XXXX/XXXX/2013. Chase keeps referring to BK Law for Chapter XXXX and we keep ... Read More »

        JPMorgan Chase Gets Slapped for Derivatives Trading Activity

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        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 found that the bank’s internal ... Read More »

          Billions Now Available for Foreclosure Victims. Banks to Notify Consumers.

          home foreclosure legal document with house key

          Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board to pay more than $8.5 billion in cash payments and other assistance to help borrowers. The sum includes $3.3 billion in ... Read More »

            Doubts Spread About Independent Foreclosure Reviews

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            by Paul Kiel ProPublica The idea behind the Independent Foreclosure Review seems simple. During the peak of the foreclosure crisis, the banks broke laws and made errors that hurt homeowners. In response, the government mandated they compensate the victims. But there is growing evidence some banks are playing a major role in identifying the victims of their own abuses, raising ... Read More »

              Beware of Omni Home Solutions and Rampart MMW Says Former Client

              Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that are claiming to help save his property from foreclosure and get his home free and clear. I’ve written about these companies, Omni Home ... 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 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 »

                    Bank Of America Backs Off $5 Debit Card Fees After Anti-Fee Petition Skyrockets

                    Tell Bank Of America No Debit Card Fees

                    Just one month ago I wrote about the implementation of debit card fees coming into play for big banks such as Chase, Wells Fargo and most notably Bank of America. Due to the change in a new government regulation that caps what banks can charge merchants for debit transactions they announced plans to implement a monthly debit card fee to ... Read More »

                      Government to Bank of America, Wells Fargo, JPMorgan Chase – “You Suck at Loan Modifications.”

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                      by Paul Kiel ProPublica The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has long argued it has little power to do anything about it. But now, after millions of homeowners have been rejected, the government has ... Read More »

                        Would You Rather Work at Burger King or Be a Foreclosure Department Supervisor?

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                        by Marian Wang, ProPublica For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase, they were called “Burger King kids“–walk-in workers hired to handle foreclosure proceedings. Many barely knew what a mortgage was and had only high-school educations. Prompted by a Financial Times article about banks hiring ... Read More »

                          Biggest Banks Nailed by Foreclosure Paperwork Problems

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                          by Marian Wang, ProPublica Three of the nation’s largest mortgage servicers have halted foreclosures as scrutiny increases over whether they verify the required paperwork. Several other servicers have also been faulted for foreclosure affidavits that were signed without much authentication, but they have not yet halted foreclosures. Last week, we noted that the discovery of “robo-signers” — employees who signed ... Read More »

                            Supreme Court to Hear Case About Chase Bank Raising Interest Rates on Cardholders

                            In October, 2010 the Supreme Court of the United States will hear the case of Chase Bank, NA v. James McCoy which was originally filed in 2006 and has been working its way through the court system having been appealed by Chase Bank, now JPMorgan Chase. This case presents the question of whether the notice requirements of the Truth in ... Read More »

                              Loan Mods With Chase Going Nowhere Fast

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                              The new data the Treasury Department released show a number of problems with the mortgage modification program. But JPMorgan Chase leads the pack when it comes to those stuck in loan mod limbo. JPMorgan Chase, the data show, has the most homeowners waiting more than six months for a final answer on whether they’ll get a permanent modification. (What we ... Read More »

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