California Sues JP Morgan for Fraudulent and Criminal Debt-Collection Practicesselfnews Post The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Chase abused the judicial process and engaged in serious misconduct against California credit card borrowers, Attorney General Harris said. This enforcement action seeks to hold Chase accountable for systematically using illegal tactics to flood Californias courts with specious lawsuits against consumers. My office will demand a permanent halt to these practices and redress for borrowers who have been harmed. From January 2008 through April 2011, Chase filed thousands of debt collection lawsuits every month in the State of California. On one day alone, Chase filed 469 such lawsuits in California. The Attorney Generals complaint against Chase alleges that, to maintain this pace, Chase employed unlawful practices as shortcuts to obtain judgments against California consumers with speed and ease that could not have been possible if Chase had adhered to the minimum substantive and procedural protections required by law. At nearly 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 states. Chase used Californias judicial system as a mill to obtain default judgments, the suit alleges, using illegal tactics to flood the states court system in order to secure default judgments and garnish wages from Californians. The suit was filed in Los Angeles Superior Court and a copy of the complaint is attached to the online version of this release at http://oag.ca.gov. Or click here to directly access the complaint. Consumers who believe they have been victims of this misconduct may submit a complaint online athttp://oag.ca.gov/consumers. Read other articles and announcements from selfnews Post Here linkwithin_text=Related Articles: 