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
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- Paying Up Navy Federal Credit Union Ordered To Pay $28.5M Over Bad Debt Collection Practices
- oops Citibank Caught Screwing Up Credit Card Debt Collections, Must Refund $5M