JPMorgan Apologizes For Overcharging, Foreclosing On Soldiers -- ABC news
House Panel Says Sorry Is Not Enough in Case of 4,500 Service Members Overcharged, 18 Foreclosed.
Members of the House Veterans' Affairs Committee tore into an apologetic JPMorgan Chase executive today after the bank admitted violating a law that guarantees protections to servicemembers serving in harm's way.
The giant financial institution failed to comply with the Servicemembers Civil Relief Act, which provides active duty soldiers, who purchased a home prior to the start of their active duty, a 6 percent cap on their mortgage interest rate and any other fees while they are on active duty and for a year after they are discharged.
Read more ....
My Comment: To say that this is an outrage is an understatement .... sighhh .... another example (among many) on how banks treat us.
No comments:
Post a Comment