JPMorgan Agrees To Pay $9M To End Robocall Suits

Law360, New York (January 18, 2012, 1:53 PM EST) -- JPMorgan Chase Bank NA said it would pay between $7 million and $9 million to settle two proposed class actions claiming it illegally made automated calls to residential loan holders' cellphones without consent, plaintiffs told a California federal court Tuesday.

The lawsuits accuse JPMorgan of violating the Telephone Consumer Protection Act through automated nonemergency calls, commonly called robocalls, made to collect debts. One of the suits also targets Fannie Mae, claiming that JPMorgan made such illegal calls to plaintiffs' cellphones while servicing loans on Fannie Mae's...
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