Mississippi AG sues Chase over credit card collection practices
Dec. 24, 2013
Mississippi Attorney General Jim Hood filed a lawsuit against JPMorgan Chase following an 18-month probe of the Credit Card Collection practices. According to a complaint filed in a state court in Hinds County, since at least 2007, JPMorgan Chase relied on “robo-signing” and other discredited practices to pursue consumers for sums they did not owe, already paid, or had excused in bankruptcy.
Hood also accused JPMorgan of relying on “outhouse” law firms that would churn out lawsuits without first reviewing the underlying claims, and working with now-defunct arbitration firm Mann Bracken — dubbed “Mann Broken” by bank employees — that could not keep track of customer payments.
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