NEW YORK--(EON: Enhanced Online News)--The law firm of Kirby McInerney LLP announced today that it is investigating potential claims against JPMorgan Chase in connection with alleged use of misleading tactics to sell a purported identity-theft protection product – “Chase Identity Protection” – to its credit-card customers.
Kirby McInerney has learned that the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are preparing to bring enforcement actions and fines against JPMorgan Chase stemming from the bank’s deceptive practices. The bank reportedly duped credit card customers into buying the identity-theft protection product by misrepresenting that it was “free” and “mandatory” and that it would improve their credit scores. Customers were charged approximately $12 per month for the purported product, which customers were told would monitor their credit for suspicious activity.
JPMorgan Chase marketed Chase Identity Protection as the bank’s own product. Nevertheless, it is believed that the product was actually provided by a separate company that “partnered” – and shared a majority of the revenue – with the bank. Kirby McInerney is investigating the misleading sales tactics as well as the financial arrangements between JPMorgan Chase and the third-party vendor.
If you are a JPMorgan Chase credit card customer who has been charged for Identity Theft Protection, if you have information or would like to learn more about these potential claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights with respect to these matters, please contact Kirby McInerney LLP partner Mark Strauss at 212.371.6600, firstname.lastname@example.org, or by filling out this contact form.