California Sues JPMorgan

Watch out Eric Schneiderman, there’s another rising Democratic attorney general going after banks. In a suit filed by California Attorney General Kamala Harris, the state is accusing JPMorgan Chase of having “committed debt collection abuses against tens of thousands of California consumers.” The thousands of lawsuits filed by JPMorgan allegedly used questionable documents and incomplete court records, creating a deluge of legal abuses for consumers and the state.