Awesome, and yet, how ironic the Chase Bank Lawsuit filed by California Attorney General Kamala D. Harris does not actually assist victims of Chase Bank's no opt out policy; after Chase Bank lured over a million excellent credit rating customers, into a change in terms on their monthly minimum payment obligation that raised monthly minimum payments, from 2% to 5%.
The pattern appears to be this...Banks figure out a way to screw over their customers causing the government to come in and fine the Bank, or presses charges on how aggressively the Banks were either marketing or over profiting, while it appears the actual victims sort of get ignored when it comes to legitimate reparations.
This exact same scenario occurred regarding credit-protector insurance (also known as Debt Suspension Insurance) marketing practices, and also the home parallel foreclosure scandal as well. Regarding the Credit Protector / Debt Suspension insurance program, the banks were making such obscene amounts of money that they could not stop themselves from trying to make even more profits.
The Consumer Protection Financial Bureau came in and fined all the credit card companies close to a billion dollars in the summer of 2012. Yet the fines were not based on obscene over charging of american consumers, but rather how aggressively the credit protection program was both marketed and also how difficult it was to quit the program.
In regards to Home Foreclosures, the amount being paid out versus the actual monetary loss to consumers appears to be a pittance and only applies to those who suffered huge losses as a result of a Home Foreclosure.
Attorney General Kamala D. Harris Announces Suit Against JPMorgan Chase for Fraudulent and Unlawful Debt-Collection Practices | State of California - Department of Justice - Kamala D. Harris Attorney General
