JPMorgan to refund $309 million for illegal credit card activity


Does the Obama Administration EVER file criminal charges against the big banks? How many more times will JPMorgan pay fines and avoid criminal indictment? But then Obama and JPM CEO Jamie Dimon go way back.

The Consumer Financial Protection Bureau announced today that JPMorgan Chase must refund $309 million to credit card customers that were improperly billed for add-on products.

“Put simply, Chase was charging consumers for services that they did not receive.”