Chase’s Predatory Robo-Signing Practices Threaten Financial Security of Its Customers
Washington D.C.— Lucia Mattox, the director of western states outreach and senior policy associate at the Center for Responsible Lending (CRL) made the following statement in response to recent reports that JPMorgan Chase, the nation’s largest bank with over $3.2 trillion in assets, has renewed a predatory practice called “robo-signing,” which occurs when companies filing lawsuits against consumers sign and churn out affidavits without verifying the validity of debts or pertinent documents: Even as they continue to struggle with the impact of the COVID19 pandemic, tens of thousands of American