J.P. Morgan Gets Sued Over Surprise Transaction Fees

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The leading global financial service has been sued for charging customers who purchased cryptocurrency implicit transaction fees, considering such transactions as cash advances. Plaintiff Brady Tucker claims that he was charged $143.30 in fees and $20.61 in interest charges for the cryptocurrency purchases. The lawsuit claims that J.P. Morgan Chase & Co violated the US Truth in Lending Act, which requires the disclosure of policy changes to customers in written form, and the bank is requested to “recover [Tucker’s] and the Class’s actual financial damages, plus statutory damages in the aggregate amount of $1 million, plus his costs of this action and reasonable attorneys’ fees and expenses incurred therein”.

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