JPMorgan (JPM) settles for $100M a class-action suit accusing it of boosting minimum credit card...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) settles for $100M a class-action suit accusing it of boosting minimum credit card payments as a way to generate higher fees. The suit stems from the bank - at the height of the financial crisis - jacking the minimum payment for thousands from 2% of the balance to 5%.