JPMorgan Chase Bank NA has agreed to pay $2.5 million to settle a class action lawsuit over its 2018 decision to begin treating purchases of cryptocurrency with Chase credit cards as cash advances, resulting in higher fees.
In a motion filed Tuesday in Manhattan federal court, plaintiffs said the settlement would result in class members getting about 95% of the fees they said they were unlawfully charged. JPMorgan is not admitting wrongdoing as part of the deal, according to the motion.
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