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JPMorgan Chase to Pay $446K to Ex-Inmates Over Debit Card Program

The largest bank in the United States settled a class-action lawsuit this week that stemmed from outcry over excessive fees the institution charged former prison inmates over the last four years. JPMorgan Chase won a government contract in 2008 to furnish inmates freed from all U.S. federal prisons with debit cards connected to money they were sent or earned while …



Some Volkswagen Owners Say $15 Billion Settlement Doesn’t Go Far Enough

The largest auto maker settlement to date may not be enough to buy back the trust of some drivers. On June 28, Volkswagen VOW, +4.15% submitted a settlement plan worth $14.7 billion to a federal judge following the company’s admission in September of cheating emissions tests by placing a “defeat device” in 11 million of its diesel vehicles world-wide. The settlement gives about 475,000 diesel …


Volkswagen’s European Customers May Miss Out on Emissions Settlement

European owners of nearly three million tainted Volkswagen AG cars may go empty-handed despite the agreement in the U.S. on a near $15 billion settlement to resolve the German auto maker’s emissions-cheating scandal. Volkswagen, Europe’s leading car maker by sales, has agreed to pay up to $14.7 billion to settle legal emissions-cheating claims with regulators and owners of nearly 500,000 …