Consumer Protection: Three Fine Grants

During last year’s Massachusetts Senate race, the banking giant JPMorgan Chase heaped more than $80,000 on Sen. Elizabeth Warren’s opponent Scott Brown. And for good reason.

The consumer watch dog agency that she conceived of and helped get running announced Thursday that it has ordered JPMorgan Chase to pay $309 million to more than 2.1 million Americans it scammed, plus a penalty of $20 million.

 

The refund the CFPB ordered the bank to issue includes the total fraudulent fees charged, plus interest, and amounts to about $147 a person. [A $50 is a Grant…]

Leave a Reply

Your email address will not be published.