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Posts tagged "consumer class actions"

JP Morgan may face consumer class actions from millions

One's Social Security number is an important identification tool and is used by various regulatory agencies and businesses to identify an individual. However, it is also an important tool for identity thieves who are looking to commit fraud by accessing somebody's financial accounts or any other account. This is why financial institutions in Michigan and elsewhere are required by law to take certain actions to prevent the Social Security numbers of their customers from identity theft. Unfortunately, one bank seems to have failed to do this which could result in consumer class actions against the financial institution.

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