Saturday, March 17, 2012

Chase whistleblower's email to her superiors that almost half of the credit card debt judgments were missing docs

h/t All Gov:

She (Linda Almonte) wrote to her superiors that almost half of the judgments were missing documents or lacked dates and signatures. In addition, for almost a quarter of the judgments, Chase was exaggerating the amount that was owed.

Another former bank employee, Howard Hardin, who oversaw a team handling tens of thousands of debt files, backed up Almonte’s story, telling American Banker his division “did not verify a single one” of the affidavits attesting to the amounts that the bank was seeking to collect. “We were told [by superiors] ‘We’re in a hurry. Go ahead and sign them,’” he said.

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