Calif. Sues JPMorgan Over Credit Card Debt Collection

Law360, New York (May 9, 2013, 7:14 PM EDT) -- The state of California on Thursday accused JPMorgan Chase & Co. of running a “massive debt collection mill” that abused credit card customers by using many of the shoddy record-keeping and other practices that have plagued the mortgage servicing industry in recent years.

In a complaint filed in Los Angeles Superior Court, California Attorney General Kamala D. Harris alleges that in-house attorneys for JPMorgan's retail banking unit, Chase Bank USA NA, filed more than 100,000 lawsuits against California consumers between January 2008 and April 2011, an...
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