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Loan Modification

: Loan Modification & Home Loan News

Chase to refund $2 million to some active-duty service members

By Moe Bedard

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(Source: By Eric Wolff, North County Times, Escondido, Calif.) – JPMorgan Chase & Co. will refund $2 million to 4,000 active members of the military after the bank charged illegally high interest rates, and improperly foreclosed on 14 of their homes, the bank said Monday. The lender violated the Servicemembers Civil Relief Act, which forbids [...]

Full post as published by Loan Modification & Home Loan News on January 19, 2011 (boomark / email).

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