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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Morgan Chase Bank Cheats Borrowers|On Home Equity Loans, Class Claims

MANHATTAN (CN) - JP Morgan Chase Bank overcharges for interest owed on home equity loans, in breach of contract, and conceals the errors for its own benefit, a class action claims in New York County Court.

Plaintiffs claim Morgan Chase miscalculates the interest on its Equitylink Credit Line Agreements. They are represented by Jeffrey Klafter of White Plains.

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