JPMorgan Chase, the country's largest bank and biggest U.S. credit-card issuer, has reintroduced to over 40 million credit card holders a controversial policy that forces their customers to use arbitration instead of being able to go to court to resolve payment disputes or joining class-action suits. This new clause stipulates that any disputes between consumers and Chase must be brought up before a private arbitrator.
According to the Associated Press, mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures. County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall. Lenders say they are working with regulators to fix the problem but cannot explain why the practice, known collectively as "robo-signing," has continued. Allegedly, the nation's largest banks and mortgage lenders, including JPMorgan Chase, Wells Fargo, Bank of America and an arm of Goldman Sachs, suspended foreclosures last fall while they investigated their foreclosure paperwork. These new findings point to a systemic problem with the paperwork involved in home mortgages and titles. If you or a family member believes you have been the victim of "robo-signing" contact one of our attorneys to discuss your rights.