Reply #2

In the discussion thread: JPMorgan in $100 million credit card settlement [View all]

Tue Jul 24, 2012, 10:43 PM

PSPS (4,194 posts)

2. They pay $100 million after stealing $220 million. What a deal!

In a Monday filing with the federal court in San Francisco, lawyers for the cardholders said the $100 million is 45 percent of the $220 million in up-front transaction fees that their clients paid for the promotional loans.

So, if I steal $220 million and pay back $100 million, do I get to keep the difference and avoid any criminal penalty (jail?) I think this kind of a "deal" is reserved for the 1%.

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Replies to this discussion thread

2 replies	Author	Time	Post
JPMorgan in $100 million credit card settlement [View all]	Newsjock	Jul 2012	OP
Good, a case for the CFPB.	banned from Kos	Jul 2012	#1
They pay $100 million after stealing $220 million. What a deal!	PSPS	Jul 2012	#2

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