JPMorgan overcharged military families, improperly foreclosed

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 · Back in April, JPMorgan Chase, which was not one of the 10 banks that the OCC examined, agreed to a $56 million settlement over allegations that it had overcharged members of the military on their mortgages. Chase Bank has even auctioned off the home of a military member the very day that he returned from Iraq.

A Chase spokeswoman told NBC News that "we feel particularly badly about the mistakes we made" with mortgages for troops — about 4,000 of them, including foreclosures on 14 military families.

 · So has the admission that the bank wrongly overcharged thousands of military families, with members serving overseas, on their mortgages and improperly foreclosed on more than a dozen.

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JP Morgan Chase bank agreed to a total estimated $2 million in refunds to military families who may have been overcharged, and stated that most of the families improperly foreclosed upon have gotten or will get their homes back.

Major bank JPMorgan Chase admitted to NBC News that it improperly overcharged several thousand military families on their mortgages, including families of troops who are fighting in Afghanistan. In addition, the bank admitted it erroneously foreclosed on more than a dozen families.

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Chase admitted that 14 military families lost their homes thanks to the mistake, and 4,000 active service members have been wrongly overcharged. In a statement, JP Morgan Chase said they would be.

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A spokesperson for JP Morgan Chase told NBC News that "we feel particularly badly about the mistakes we made" referring to 4000 mortgages for troops and foreclosures on 14 military families. The.

No. 2 bank overcharged troops on mortgages. One of the nation’s biggest banks – JP Morgan Chase – admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan. The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.

 · By 2006, a Marine captain in South Carolina was doing battle with JPMorgan Chase to get the mortgage interest rate reductions the act requires. Chase eventually reviewed its policies and, earlier this month, acknowledged it had overcharged thousands of military families on their mortgages and improperly foreclosed on 14 of them.