Civil Plaintiff

JPMorgan Chase to Pay $2.5M Settlement for Secretly Overcharging on Crypto Purchases

After fighting a legal case for two years, America’s largest bank, JPMorgan Chase will pay $2.5 million to settle a class-action lawsuit over extra fees on cryptocurrency purchases. 

In 2018, the plaintiffs – Brady Tucker, Ryan Hilton, and Stanton Smith – filed the lawsuit against JPMorgan in a Manhattan federal court, accusing the bank of charging customers additional fees in the form of cash advances for crypto purchases made with Chase credit cards.  

The trouble started in early 2018 during the period of the crypto bull market, when several banks, including JPMorgan, decided to block their customers from purchasing cryptocurrencies using credit cards. 

Read the source article at CryptoPotato

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