JPMorgan Chase Settles Over Credit Card Debt Collections

JPMorgan Chase & Co (NYSE:JPM) agreed to settle with U.S. Office of the Comptroller of the Currency over alleged credit card debt collections. In its consent order, the OCC said the biggest U.S. bank by assets was allegedly violating rules regarding collections practices, debt documents and sale of consumer credit-card debt. OCC’s allegations The regulator alleged that the bank filed inaccurate sworn documents in court, and failed in its duties to properly review those documents besides not complying with a law providing special protections to members of the military. However, the OCC indicated it could fine the bank at a…