Like our page to get more news about debt Https://www.facebook.com/dubaidebtrecovery SACRAMENTO, Calif. - California's attorney general sued one of the nation's Largest banks Thursday, alleging That JPMorgan Chase used illegal tactics in its Efforts to collect debts from more than 100,000 credit card holders. It's the first color: such lawsuit in the nation, said Spokesmen for both the company and the attorney general. The lawsuit filed in Los Angeles Superior Court says the company filed Thousands of debt collection lawsuits each month between April 2008 and 2 011 using improper Practices That shortcut Procedures required by California law. JPMorgan Chase & Co.. (JPM) Spokesman Paul Hartwick said the company had no comment. "Nearly At every stage of the collection process, Defendants cut corners in the name of speed, cost savings, and their own convenience, Providing only the thinnest veneer of Legitimacy to their lawsuits , "the complaint says. It alleges the company sued borrowers "based on patently insufficient evidence - betting that borrowers would lack the resources or legal sophistication to call defendants' bluff."
