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JPM Chase Sued Over Alleged Debt Collection Abuses

Posted: March 14, 2014
By: Kevin Wack
Source: American Banker
Practice Areas: Consumer Protection, Lending Practices & Borrowers’ Rights

A Miami woman alleges in a lawsuit seeking class action status that JPMorgan Chase (JPM) committed widespread abuses in its efforts to collect credit card debt.

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It charges that the New York megabank used robo-signed affidavits to obtain default judgments against consumers who had unpaid credit card debt. "Chase has been successful in obtaining default judgments due to this large-scale pattern and practice of fraud and abuse of the legal process," the complaint states.

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"Chase has profited from its abuse of the legal system," Shanon Carson, a lawyer who represents Moya, said in a news release.

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