Mortgage Settlement Monitor: Bank of America Complying at Fastest Pace

Bank of America has moved at a faster clip than Wells Fargo, JPMorgan Chase and Citigroup in meeting obligations to help borrowers facing possible foreclosure under last year’s $25 billion National Mortgage Settlement. The latest audits credits Bank of America with 97 percent of its required $7.6 billion in consumer relief as of the end of last year.

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Chase to Refund 2M Credit Card Customers Over Wrongful 'Add-Ons'

The nation’s largest bank unfairly billed customers for services relating to “identity theft protection” products – including “Chase Fraud Detector,” “Chase Identity Protection (ChIPs),” and “Chase Identity Protection (IPS)” – in a way that violated federal law, according to the Consumer Finance Protection Bureau.

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