Tuesday, March 13, 2012

Former Employees Allege JP Morgan Chase Robo-Signed Credit Card Documents, Destroyed Borrower Records

Former Employees Allege JP Morgan Chase Robo-Signed Credit Card Documents, Destroyed Borrower Records: pBack in January, American Banker reported that JP Morgan Chase — the nation’s biggest bank — was potentially robo-signing credit card documents. Robo-signing, of course, is the pernicious practice banks used to approve foreclosures without verifying basic information about borrowers or complying with property law. Today, American Banker is back with allegations from former JP [...]/p