office of the comptroller of the currency: Chase Settles with the CFPB and OCC..another win for Bank Customers
- 09/23/13 11:21 AM
There are approximately 2.1 million JP Morgan Chase Bank customers who can expect to receive a small refund as part of a recent $309-million settlement between the Consumer Financial Protection Bureau (CFPB) and the bank. The CFPB and the Office of the Comptroller of the Currency (OCC) determined that Chase “engaged in unfair billing practices for certain credit card add-on products by charging consumers for credit monitoring services that they did not receive.” Customers can expect to receive a “full refund” if they have been identified as not receiving the services between October 2005 and June 2012.
However, doing some … (0 comments)
office of the comptroller of the currency: OCC Induces EverBank Settlement
- 09/12/13 02:29 AM
Seems like every day there is a new lawsuit alleging lender misconduct as well as a new settlement. The Office of the Comptroller of the Currency (OCC) has done it again. Recently the OCC has questioned EverBank Financial for mismanaging foreclosures and the foreclosure review process. This new round of accusations is the result of a previous OCC agreement with the lender and 15 other larger lenders. This agreement led many servicing agents to agree to and then abandon an independent foreclosure review process. EverBank opted not to abandon a mortgage and foreclosure review process when many other lenders did. As … (17 comments)
office of the comptroller of the currency: Federal Government Initiates Forclosure Review Process
- 07/04/11 10:48 AM
The federal government has taken some action regarding the foreclosure crisis. The government has decreed that all servicers under the supervision of the Office of the Comptroller of the Currency (OCC) must conduct self-assessments to examine foreclosure management practices no later than September of this year. This is an attempt to help clean up the industry. Upon completion of the assessment, the lenders must identify and “take immediate corrective action” to address weaknesses in the process. The OCC has issued this mandate in response to what regulators have called a “pattern of misconduct and negligence related to deficit practices in residential … (12 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
There are approximately 2.1 million JP Morgan Chase Bank customers who can expect to receive a small refund as part of a recent $309-million settlement between the Consumer Financial Protection Bureau (CFPB) and the bank. The CFPB and the Office of the Comptroller of the Currency (OCC) determined that Chase “engaged in unfair billing practices for certain credit card add-on products by charging consumers for credit monitoring services that they did not receive.” Customers can expect to receive a “full refund” if they have been identified as not receiving the services between October 2005 and June 2012.
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