Chase is dropping thousands of pending debt collection cases against defaulted credit card borrowers, WSJ reports. Remember the big deal over robo-signing foreclosure cases a few months ago? The problem of bulk signing sloppy paperwork, and, in some case, filing fraudulent documents, could be even bigger when it comes to credit cards. It looks like JP Morgan Chase is trying to get its house in order before they’re forced to by government and legal forces.
Chase Drops Thousands Of Debt Collection Cases Against Borrowers
By Ben Popken July 1, 2011
- time to pay JPMorgan To Pay $100M To Settle Unlawful Debt-Collection Allegations In California
- they never learn Student Loans Are The New Robo-Signing Crisis
- go no farther Chase Credit Card Settlement Halts Collections On 528,000 Accounts
- time to pay JPMorgan Chase To Pay $136M To Close Credit Card Debt Collection Probes [UPDATED]
- fixing the mistakes JPMorgan Chase, Bank Of America Agree To Wipe Debt Cleared By Bankruptcy From Credit Reports