National Student Loan and Credit Report Debt Attorney

JP Morgan Chase Hit for $80 Million

Rate this post

J.P. Morgan Chase is nearing a settlement with federal consumer regulators investigating the bank for violations in debt collection practices. The settlement appears to be a fine somewhere under $80 million dollars.

http://www.bloomberg.com/news/2013-09-11/jpmorgan-said-near-settlement-on-credit-card-collections.html

According to reports, the bank’s CEO visited Washington D.C. on September 10th to update the Federal Government on the bank’s compliance with federal regulations. Violations of debt collection law by creditors are much more common than consumers think. The best consumer protection from their creditor is a qualified debt settlement attorney. A qualified debt settlement attorney can help the consumer defend creditor harassment that violates state and federal law. This attorney can also settle the consumer’s debt often for a large reduction in the principal balance owed. If you are being harassed by debt collectors, creditors, or collection attorneys, contact a qualified debt settlement attorney and know your rights.

JP Morgan Chase Hit for $80 Million was last modified: November 1st, 2014 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
mm

Latest posts by Kevin Fallon McCarthy (see all)

START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.