JPMorgan Apologizes For Overcharging 4,500 Soldiers and Foreclosure on 18 of Them

"Stephanie Mudick is testifying before the House Veterans' Affairs Committee today. It will not be a pleasant experience. Mudick is the head of Consumer Practices at JPMorgan Chase & Co., which broke the law. And not just any law.

The giant financial institution failed to comply with the Servicemembers Civil Relief Act, which provides active duty soldiers, who purchased a home prior to the start of their active duty, a 6 percent cap on their mortgage interest rate and any other fees while they are on active duty and for a year following their active duty."