Chase To Pay $389M To Settle Credit Card Fees Allegations

WASHINGTON, D.C. - JPMorgan Chase & Co. (Chase) on Sept. 19 agreed to pay $80 million in fines to settle allegations by the Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) that it charged customers additional fees for credit card services they did not receive, bringing to $389 million the amount it will pay in refunds and penalties related to the allegations (In the Matter of: JPMorgan Chase Bank N.A. and Chase Bank USA N.A., No. 2013-CFPB-0007, In the Matter of: JPMorgan Chase Bank N.A., Columbus, Ohio and Chase Bank USA N.A., Wilmington, Delaware, OCC No. 2013-141).

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