Month: July 2019

Presidential hopeful Elizabeth Warren asks JPMorgan Chase to stop “exploiting its customers”

In a letter to JPMorgan Chase & Co.’s CEO, Presidential hopeful Elizabeth Warren asked the bank to stop “exploiting its customers” by using what the bank considers the “standard practice” of asking its customers to arbitrate potential claims against it. https://www.americanbanker.com/articles/warren-tells-dimon-to-stop-exploiting-with-forced-arbitration. Chase’s customers can, however, opt out of mandatory arbitration by mailing written rejection notices …

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Contractors with White Ancestry got $300 million Claiming to be Native American

In St. Louis, MO, a contractor recently was awarded a lucrative government contract set aside for minority businesses by claiming to be Cherokee. He was found out and stripped of his minority status. https://www.latimes.com/local/lanow/la-na-cherokee-minority-contracts-20190626-story.html Since 2000, the federal government and authorities in 18 states, including California, have awarded more than $300 million under minority contracting …

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