Settlement Between JPMorgan And Former Customers

Representatives of JPMorgan Chase, one of the largest US banks, informed they were ready to pay $2.5 million for overpriced fees for crypto investors.

Class action against JPMorgan Chase

The JPMorgan Chase was sued two years ago. The plaintiffs accused the bank of collecting increased percent from users who made transactions with Bitcoin. Bank employees rejected customers’ attempts to appeal against additional write-offs of money for a long time.

Ban for purchase BTC with credit cards

It all started when JPMorgan banned buying digital currencies through credit cards. Such transactions were carried out according to the mechanism of the so-called advance cash payment.

Settlement with plaintiffs

And now, after almost two years, JPMorgan Chase finally decided to resolve the conflict and pay the injured party $2.5 million.

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