Thursday, May 12, 2011

Legal Morass: Anonymous sources ID on-site 'third-party auditors’ to Chase Credit Card Division are from SEC

As you may recall, Legal Morass reported that JP Morgan Chase attorneys were terminated for their involvement within the Chase/DebtOne consumer credit card portfolio and an unidentified regulator was paying the Chase Credit Card Division a visit. Click here to read the story. Well, looks like auditors paid a visit to them. More from Legal Morass:

UPDATE, 12 May 2011: Several sources, all anonymous, identify these ‘Third-party auditors’ as investigators/auditors from the Securities and Exchange Commission. On-site investigation/audit of JP Morgan Chase Credit Card Division(s) began on 03 May 2011.

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