Thursday, July 9, 2015

Florida nabs largest piece of $136M JPMorgan Chase settlement

JPMorgan Chase (NYSE: JPM) entered into a $136 million joint state-federal settlement Wednesday and Florida will receive the largest chunk of that payment, according to Attorney General Pam Bondi’s office. The banking giant entered into the agreement with the Consumer Financial Protection Bureau to settle alleged violations linked to JPMorgan's debit card debt collection and sales practices. The institution will also pay at least $50 million to consumers and $30 million to the Office of the Comptroller…

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