JPMorgan Chase Settles Crypto Credit Card Lawsuit for $2.5M

Banking giant JPMorgan Chase settled a 2018 lawsuit recently, with a $2.5 total payout — the result of unclear fees charged when using credit cards for crypto purchases.  A May 26 court document detailed: “The Court notes that Defendant JPMorgan Chase Bank, N.A., f/k/a Chase Bank USA, N.A. (“Chase” or “Defendant”) has agreed to provide a Cash Settlement Amount of an aggregate of $2,500,000 in cash.” The lawsuit stemmed from lack of clarity  In January 2018, JPMorgan Chase quietly altered the terms of use around its credit cards when dealing…