Feds force debt collector to let more than 500,000 people off the hook, pay them back $50 million
Source: Bangor Daily News
Banks and credit-card issuers have certain rights in attempting to collect bad debt from their customers, but they must follow correct procedures in exercising those rights. According to a recent consent order from the Consumer Financial Protection Bureau (CFPB), JPMorgan Chase used improper methods and tactics regarding bad debt between 2009 and 2014, and will be paying penalties and modifying their practices as a result.
Chase used automatically signed (“robo-signed”) affidavits in lawsuits against their debtors, with insufficient review (if any) to catch mistakes and miscalculations. As a result, some debtors were charged with the wrong amounts in the lawsuits filed against them. In the cases where Chase did discover mistakes, they did not attempt to correct them by notifying the courts or the debtors. Robo-signatures were also used in supposedly sworn affidavits.
When debt was written off and sold to third parties, there were further concerns. Chase passed along some debt to third-party vendors that were in error or misrepresented in some way — including those that had already been paid, those discharged through bankruptcy or those of a fraudulent nature. Chase did not even own some of the debts they sold.
Actions from the consent order include the following:
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Read more: http://bangordailynews.com/2015/07/24/business/feds-force-debt-collector-to-let-more-than-500000-people-off-the-hook-pay-them-back-50-million/
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Yes, she was not a Senator at the time, but was obviously influential in getting the CFPB put in place. 
in their name have the same exact fees as Chase and give the same almost nothing .01 interest rate on savings and CDs.
There are a couple houston 'credit union'named banks but they are private for police employees or active military only. And they still are much less then 1% interest online savings bank will give.
I'm stuck with Chase because those huge banks will not allow any competition.
Thanks for the link, I appreciate your time 
I do recommend this online savings account if you need one https://www.smartypig.com/
They pay .75 interest on your savings. (they used to pay 2%)
They only want about $25 to start. easy to send in a little bit every week or so from your regular account. what I like about them is you can take out your savings in the form of retail gift cards and those cards pay up to 11% cash back. you also can get your money out and send it back to your local bank anytime you want, no fees at all.
edit to add, I also use an online savings combination stock account, that used to be called orange bank/stocks. now its capital one. that savings pays about 1% and the stocks are 'do it yourself' with a low fee (about $7) for each buy or sell.
