A resident of Idaho Brady Tucker (Tucker Brady) filed a lawsuit against JPMorgan Chase & Co in Federal court in Manhattan, accusing the financial institution in violation of the law on fair lending. According to the statement by Tucker, the Bank foreclosed on his $143.30 in the form of commissions and $20,61 as an additional 5 percent of transactions for the purchase of cryptocurrencies through credit cards in the period from 27 January to 2 February.
The lawsuit States that JPMorgan Chase & Co began to classify transactions like cash withdrawals and has notified the clients. The Bank «filed to the plaintiff’s account after his operations, and insisted that he paid.»
«The Bank charges as additional fees and significantly higher interest rate on cash than on credit cards, and refused to reimburse when customers complained,» – said in a class action, because in addition to the plaintiff from the actions of the Bank affected other clients.
After support, the Bank refused to help Tucker, he demanded from JPMorgan Chase compensation of losses of $1 million, the Bank is accused of violating U.S. Law on lending, in which credit card issuers should notify customers of any significant changes in its financial Affairs.
Recall that since the beginning of February, JP Morgan Chase, Bank of America and Citigroup has imposed a ban on the cryptocurrency with personal and corporate credit cards.