Violation Tracker Individual Record

Company: 
JP Morgan Chase
Current Parent Company: 
JPMorgan Chase
Penalty: 
$2,825,000
Year: 
2014
Date: 
August 4, 2014
Primary Offense: 
consumer protection violation
Violation Description: 

Bank of America, JP Morgan Chase, Discover Financial Services, and Citibank agreed to pay settlements totaling approximately $11.3 million to resolve allegations their marketing practices for credit card payment protection plans were deceptive under state law. The announcement did not specify how much each company would pay. Here we assume the amount was divided equally among them.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Hawaii Attorney General
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
Facility State: 
Hawaii
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.