Tag: JPMorgan Chase
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Accounts are being abruptly deleted by JPMorgan Chase and Citibank, causing confusion and chaos for customers
JPMorgan Chase, Citibank, and the US banking industry as a whole are being criticized in a recent report for routinely “exiting” their most devoted clients. Almost 200 former Chase customers have complained to the New York Times, claiming that their account was canceled unfairly, causing uncertainty and financial instability. A broad bureaucratic security procedure intended…
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For account closures, JPMorgan Chase is currently being sued
For canceling accounts without properly returning $1,160,000, JPMorgan Chase is currently being sued. The bank was charged with canceling accounts and discriminating against clients in August. Mother and child Rui Wang and Hengchen Qu have sued JPMorgan Chase Bank for suspected unfair advantage and violation of contract about licenses of deposit (CDs), according to Think…