JPMorgan Says It Faces Enforcement Hit on Consumer Products

May 13, 2013
credit card news

Federal regulators are likely to hit JPMorgan Chase with enforcement action over its collection practices and add-on products commonly tied to credit cards. The lender disclosed in a May 8 regulatory filing that it "expects that its banking supervisors will in the future continue to take more formal enforcement actions against the firm," instead of "issuing informal supervisory actions or criticisms."
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