JPMorgan, Others Face Consumer Lending Antitrust Suit

Law360, New York (June 25, 2010, 2:43 PM EDT) -- A new putative class action has been filed against JPMorgan Chase & Co., Bank of America Corp., Discover Financial Services and the major credit reporting agencies, alleging they restrained the availability of consumer loans and engaged in conspiratorial conduct to inflate and fix loan prices.

Karin J. Black filed her complaint in the U.S. District Court for the Western District of Pennsylvania on Thursday on behalf of all persons and entities that have paid inflated prices for consumer loans, alleging violations of the Sherman Act....
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