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JPMorgan Chase settles unlawful debt-collection allegations

That is good news although it seems to me that the Attorney General of California should not be getting the same amount as all of the individuals consumers that were basically screwed over by JPMorgan Chase.

Justice League

•  Chase will pay $50 million in restitution plus $50 million in penalties to consumers nationwide

•  “This settlement provides real relief to tens of thousands of Californians”

Monday, November 2, 2015
Contact: (415) 703-5837, agpressoffice@doj.ca.gov

LOS ANGELES – Attorney General Kamala D. Harris today announced a stipulated judgment resolving allegations that JPMorgan Chase (Chase) committed credit card debt-collection abuses against tens of thousands of Californians. The settlement specifically addresses debt collection wrongdoing that includes collecting incorrect amounts, selling bad credit card debt, and running a debt collection mill that involved illegally “robo-signing” thousands of court documents and improperly obtaining default judgments against military servicemembers.

As part of the settlement, Chase will pay $50 million in restitution to consumers nationwide, including an estimated $10 million to California consumers, and significant restitution to servicemembers in California, some of whom were on active duty when Chase obtained illegal default judgments against them. …

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