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JPMorgan sued over fees for cryptocurrency purchases

Reuters  |  NEW YORK 

By Dena AubinNEW YORK (Reuters) - JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances. Filed on Tuesday on behalf of a proposed nationwide class, the lawsuit said Chase charged both extra fees and substantially higher interest rates on the cash advances than on the credit cards and refused to refund the charges when customers complained.Chase spokeswoman Mary Jane Rogers declined to comment on the ...

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First Published: Wed, April 11 2018. 23:07 IST