JPM Ends Long Week with New Lawsuit; RBS Names New Citizens Financia...
05/10/13
Receiving Wide Coverage ... More JPM Woes: California Attorney General Kamala Harris is suing JPMorgan Chase over alleged credit card debt collection abuses. Per the lawsuit, JPM "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 least a three-year period." The bank, thus far, is declining to comment on the lawsuit. Various news outlets report other enforcement actions from regulators concerning the collectionÂ…
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