Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. (JPM) to foreclose on unit 9, so they sued the bank in February to take control of the property.
The Supreme Court ruled that JPMorgan Chase & Co under an old federal regulation did not have to provide written notice before raising credit card interest rates to account holders who defaulted on a payment.
JPMorgan Chase & Co.’s first-quarter profit easily beat expectations Wednesday as trading gains helped offset consumer loan losses. The bank’s CEO said the economy was showing clear signs of improvement.
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