Personal Finance and Investing

Interesting news report that JP Morgan Chase is apparently stopping its collection lawsuits. I have not verified this in Alabama as Chase is not a huge filer of collection lawsuits here but will do so when I have a moment.

Here are some interesting quotes from the excellent article:

A sampling of court records in the major cities in five states shows that Chase collection suits have virtually disappeared. In a sixth state, Illinois, contract attorneys continue to file small-dollar cases, though at a reduced rate.

It is unclear whether Chase has stopped pursuing collection on many claims nationwide, or if intends to pursue the debts in some other fashion.

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