Chase apologizes for screwing over thousands of troops
Sporkmaster wrote earlier about JP Morgan-Chase over-charging thousands of troops for the mortgages and repossessing 14 homes. Well, it seems that they’re making amends;
JPMorgan Chase said those 14 properties have been or will be returned to the owners.
Marine Capt. Jonathan Rowles filed a lawsuit against JPMorgan Chase, claiming it charged him 9 percent interest on his mortgage and then continued to insist he owed the higher interest rate even after the bank re-set his rate at 6 percent, according to NBC. So far, Rowles has been refunded part of his money, a bank official told Stars and Stripes on Tuesday.
The refunds come after a review that the bank launched several months ago into home loans to troops, according to a statement from JPMorgan Chase. The bank now has a team dedicated to military families’ loans.
“We made mistakes here and we are fixing them,” the statement said. “There is no finer group of people than the men and women in the armed services who fight to protect our country every day.”
Well, if read the articles related to this story, you’d know that JP Morgan Chase were harassing the living shit out of families for months which makes me think they only recently came to that “finer group of people” conclusion. Real recently – like yesterday recently. After a big meeting to determine what this was cost them in terms of public relations recently.
Military families who have questions about their JPMorgan Chase loan can call 1-877-469-0110.
Questions like “how do I get out from under you blood-sucking vampires”?
Thanks to Jeff for the link.
Category: Military issues, Veterans Issues
It’s only serious when the SecDef formally bans the military and its members from doing business with Chase.
Until then their efforts are so much chum.
Chase people involved should be prosecuted and/or sued.
What really galls me is that JP Morgan Chase has the travel card contract for the US Coast Guard.
I don’t know if the other services use JP Morgan Chase, but the Coast Guard should move to cancel that contract right away.
As I said on the below thread – I head a program to assist military members enforce their civil relief act rights. If you know of someone having this type of problem, contact Jonn or TSO – they know how to find me. Usually it only takes reminding people that they are not only subject to a fine, but imprisonment of up to one year under the statute. That a a threat to call Bill O’Reilly!
With regards to prosecuting/suing Chase, a late news story here in Illinois stated that Attorney General Lisa Madigan is looking into pressing charges against the bank for these actions. Something to watch for…