JP Morgan to Refund Over $4 Million to Credit Card Holders

JPMorgan Chase & Co. agreed under pressure from New York state to stop charging a new $10 monthly fee to credit cardholders and agreed to refund the proceeds collected since the fee was first levied in January, Attorney General Andrew Cuomo said Monday.

Over 184,000 cardholders will receive $4.4 million in refunds as a result of the agreement, Cuomo said in a statement. [ via Reuters]

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