Ohio Woman Sues Chase For Alleged Mortgage Law Violation

Ohio Woman Sues Chase For Alleged Mortgage Law Violation

When you don’t follow the rules, you’re likely to get into a bit of trouble. In this case, JPMorgan Chase found itself party to a lawsuit alleging the company violated a law aimed to protect homeowners. [More]

Time Warner Cable Ekes Out Another Win, To Face Monsanto In Worst Company Quarterfinals!

Time Warner Cable Ekes Out Another Win, To Face Monsanto In Worst Company Quarterfinals!

Two weeks ago, 32 bad businesses entered the Worst Company in America velodrome. But since they didn’t all bring their racing bikes with them, they just began beating the holy snot out of each other for our readers’ amusement. Giants fell, upstarts pulled upsets, and battle-hardened vets relived their glory days when they could more easily lay claim to the Golden Poo. Now, after two rounds of out-and-out, completely organized mayhem, eight contenders still stand, but to quote the greatest movie ever made in the history of films with the word “highlander” in the title: There can be only one. [More]

Latest Worst Company Voting Results Confirm: People Hate Banks

Latest Worst Company Voting Results Confirm: People Hate Banks

After a brief breather, it was back to pummeling the living heck out each other for the remaining contenders in this year’s Worst Company In America tournament. And even though the nation’s largest airline and biggest fast food chain looked like they might have had what it takes to challenge for the Golden Poo, one has to always remember an ages-old truth: People just plain hate banks. [More]

Facebook Gets The Thumbs-Up From Haters, Takes Final Spot In Worst Company Not-So-Sweet 16

Facebook Gets The Thumbs-Up From Haters, Takes Final Spot In Worst Company Not-So-Sweet 16

After more than a week of bloodshed, half of the contenders that dared to dip their toes into the Worst Company wading pool (stocked with laser-equipped piranha and some ill-tempered guppies) have been carried out in Consumerist-branded body bags. The 16 fighters that remain are bruised, but not broken, and one of them will soon be crowned with the coveted Golden Poo. [More]

Comcast, Abercrombie, Chase Victorious In First Day Of Worst Company Competition!

Comcast, Abercrombie, Chase Victorious In First Day Of Worst Company Competition!

The 2014 Worst Company In America competition got off to a big start today with readers turning out in droves to vote on the tournament’s first three match-ups that saw a former Golden Poo champ flexing its muscle, a tournament mainstay making its case for the WCIA title, and the year’s first upset. [More]

Have Fun Breaking Down This Year’s Worst Company In America Bracket

Have Fun Breaking Down This Year’s Worst Company In America Bracket


The above bracket will be updated at the end of each day of WCIA competition to reflect that day’s results.
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After going through all of your nominations, then having y’all rank the contenders and eliminate the chaff from the wheat, we’re proud to present the first round match-ups for this year’s Worst Company in America tournament! [More]

Here Are Your Worst Company Contenders For 2014 — Help Us Seed The Brackets!

Here Are Your Worst Company Contenders For 2014 — Help Us Seed The Brackets!

After sorting through a mountain of nomination e-mails, we’ve whittled down the field of competitors for this year’s Worst Company In America tournament to 40 bad businesses. Here’s your chance to have your say on how these players will square off in the bracket, and which bubble teams will get left out in the cold. [More]

Chase To Pay Out $300 Million Over Home Insurance Allegations

Chase To Pay Out $300 Million Over Home Insurance Allegations

On Friday, a federal judge signed off on a settlement that will have JPMorgan Chase paying out at least $300 million to around 750,000 mortgage borrowers. It’s the first of what could be several large settlements with major lenders over the issue of forced-place insurance. [More]

Justice Dept. Sued Over Validity Of $13 Billion Chase Mortgage Settlement

Justice Dept. Sued Over Validity Of $13 Billion Chase Mortgage Settlement

Remember back in November when JPMorgan reached the massive $13 billion settlement with the Justice Dept. over allegations tied to toxic mortgage-backed securities sold to investors before the housing market went kerflumpp? A non-profit group filed suit today against the DOJ, challenging the validity of the deal and asking for a court to review it. [More]

JPMorgan Chase To Pay $614M In Settlement For Defrauding Federal Agencies

JPMorgan Chase To Pay $614M In Settlement For Defrauding Federal Agencies

JPMorgan Chase & Co. is running up quite the legal tab this year. On Tuesday, that tab grew by $614 million when the company agreed to settle its latest legal woe with the U.S. government. [More]

(Ryan Keene)

Too Big To Jail? Not So Much Says Attorney General Eric Holder

There’s no such thing as too big to jail. We’ve heard the saying a number of times since the 2008 financial crisis, but now Attorney General Eric Holder is attempting to put a stop to assumptions that financial institutions and their executives are too large to be indicted. [More]

Citi To Replace Debit Cards Linked To Target Hack

Citi To Replace Debit Cards Linked To Target Hack

A month after Target first revealed that its in-store credit and debit card payment system had been breached, Citi has finally announced plans to replace all debit cards for customers whose account information was stolen in the hack. [More]

JPMorgan Chase To Pay $2 Billion For Failing To Notice Madoff Was Giant Scheming Schemer

JPMorgan Chase To Pay $2 Billion For Failing To Notice Madoff Was Giant Scheming Schemer

It’s only the first week of January and already it’s an expensive year for giant bank JPMorgan Chase. Just blame Bernie Madoff. [More]

This Bank Customer Satisfaction Chart Is A Sad Reminder Of Rampant Consolidation

(source: ACSI)

Maybe last week’s news that there are now fewer banks in the U.S. than ever before didn’t bother you. But here’s a chart of historic customer satisfaction scores that stands as a reminder of how so many banks have been absorbed into larger banking Voltrons in just the last two decades. [More]

$13 Billion JPMorgan Settlement Includes $4 Billion In Consumer Relief

$13 Billion JPMorgan Settlement Includes $4 Billion In Consumer Relief

Today, it’s expected that JPMorgan Chase and various federal agencies will announce a settlement worth a total of $13 billion to put to bed numerous bank-related investigations tied to mortgages and mortgage-backed securities. And about 30% of that money is reportedly earmarked for some form of consumer relief. [More]

Note to Andrew Ross Sorkin: This is what your CNBC co-worker Maria Bartiromo thinks of the "facts" in your DealBook column.

Watch CNBC Rush To The Defense Of JPMorgan Chase CEO Jamie Dimon

If you go on TV to argue a controversial viewpoint, it’s to be expected when the host of the show questions you on your allegations. But what happened last Friday on CNBC’s Closing Bell is just an embarrassing example of how far a financial “news” network will go to defend the head of a huge bank just because that institution is performing well on the stock exchange. [More]

(codestr)

Chase To Pay $389 Million Over Illegal Charges For Credit-Monitoring Services

It’s not been a banner week for JPMorgan Chase, which has agreed to pay out nearly a billion dollars to close investigations related to the 2012 “London Whale” trading fiasco, and now is told it must pay out $309 million in refunds and $80 million in penalties over illegal credit card charges for ID and fraud-protection services customers never ordered. [More]

Big Banks Failing To Comply With All The Rules For National Mortgage Settlement

Big Banks Failing To Comply With All The Rules For National Mortgage Settlement

Remember that massive $25 billion settlement between the nation’s largest mortgage servicers — Bank of America, Wells Fargo, Chase, Citi, Ally — and attorneys general from around the nation? Well, it comes with a lot of rules for these institutions to follow. But the person in charge of monitoring the settlement says most of the banks are failing to comply fully. [More]