Additionally, the investigation into the massive hack has “determined that the stolen information includes names, mailing addresses, phone numbers or email addresses” for 70 million Target customers.
The Chase statement is another troubling sign for Target, which is dealing with the aftermath of the Nov. 27-Dec. 15 theft on one of the busiest shopping days of the year. Three class-action lawsuits have already been filed and government lawyers from several states have asked Target for information about the breach.
JPMorgan Chase customers who made a purchase with their debit cards at Target stores during the recent 20-day data breach won’t be able to withdraw more than $100 a day or make purchases totaling more than $300 a day.
Chase said Thursday that more than 368,000 customers have received $87 million since the lender launched its rewards program four years ago. Mortgage Cash Back allows customers with a new or refinanced mortgage – and a personal checking account – to earn up to $500 annually.
If this “web cash” system — as JPMorgan Chase calls it — seems familiar, it should. It smacks of the peer-to-peer transactions of bitcoins and other cryptocurrencies that increasingly are making the world’s biggest banks uneasy about the future of e-commerce.
JPMorgan Chase is letting some 465,000 holders of Chase-issued prepaid cash cards that their personal data may have been hacked in July. The cards were issued for companies to pay employees and for government agencies to distribute tax refunds and other funds.
The national average annual percentage rate (APR) rose to 15.06 Wednesday after Chase increased the APR on one of its rewards credit cards.
A little more than 30 percent of the $13 billion historic settlement with JPMorgan Chase is going toward consumer relief, said Justice Department officials. That aid will include principal forgiveness, mortgage modifications and targeted new loans at low interest rates.
The U.S. Consumer Financial Protection Bureau is looking into whether credit card issuers are misleading customers when they sign up for these programs. The result could be new rules to ensure clarity and transparency.
A barrage of angry, accusatory and bitter comments and questions are rolling in. The hashtag was supposed to generate a straightforward Q&A session with a veteran investment banker. For the largest U.S. bank by assets, it has become a social media nightmare.