Thursday, October 27, 2016
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Video: JPMorgan Ordered To Fix Debt Collection Practices

By Clip Syndicate
U.S. bank regulators ordered JPMorgan Chase & Co to improve its debt collection practices, as the bank also agreed to pay $920 million in penalties to resolve liabilities from its "London Whale" derivatives trading losses last year. The order, made public recently, addresses errors in how the bank pursued credit-card debts in court, but does not provide details of how extensive the problems were.

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