JPMorgan Chase Bank NA, the consumer and commercial branch of US banking giant JPMorgan, agreed to pay $2.5 million to settle a class action lawsuit. The suit is related to its previous decision to consider purchases of cryptocurrency with its credit cards as cash advances. Plaintiffs to Receive 95% of Damage For years, Chase processed credit card crypto payments as purchases. In 2018, the bank unexpectedly started to consider such operations as “cash advances,” which […]
