JPMorgan Chase, Bank of America and Wells Fargo Allegedly Reap Billions of Dollars on Backs of Misled Customers As Lawsuits Hit Multiple Financial Giants

A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely low interest rates without proper disclosure. The bank joins Wells Fargo, Bank of America and […] source: https://dailyhodl.com/2024/08/30/jpmorgan-chase-bank-of-america-and-wells-fargo-allegedly-reap-billions-of-dollars-on-backs-of-misled-customers-as-lenders-legal-challenges-mount