Major bank JPMorgan Chase admitted to NBC News that it improperly overcharged several thousand military families on their mortgages, including families of troops who are fighting in Afghanistan. In addition, the bank admitted it erroneously foreclosed on more than a dozen families.

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By Lisa Myers and sarah heidarpour nbc news. One of the nation’s biggest banks ? JP Morgan Chase? admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan.The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.

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JP Morgan Chase & Co. has overcharged thousands of military families for their mortgages, including families of troops fighting in Afghanistan, NBC News has learned. JPMorgan. of military families whose homes were improperly seized and revamp its housing program for service members and veterans.

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Chase Admits Overcharging Troops on Mortgages, Improperly Foreclosing The bank violated federal law when it overcharged thousands of military famlies on their mortgages and wrongfully foreclosed.

 · Major bank JPMorgan Chase admitted to NBC News that it improperly overcharged several thousand military families on their mortgages, including families of troops who are fighting in Afghanistan. In addition, the bank admitted it erroneously foreclosed on more than a dozen families.

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JPMorgan Chase has admitted to overcharging military families on their mortgages, and illegally foreclosing on 14 families, NBC News reports. NBC’s report (see video below) focuses on one military family’s five-year battle with the mortgage giant, who overcharged them by as much as $900 a month.

A Chase spokeswoman told nbc news that "we feel particularly badly about the mistakes we made" with mortgages for troops — about 4,000 of them, including foreclosures on 14 military families.

JPMorgan Chase reported yesterday, they overcharged roughly 4,000 troops on their mortgages and improperly foreclosed on 14 of the families. The bank has admitted it had made the mistakes and is trying to correct the problem, and as a result, Chase said it will be sending roughly $2 million in refunds to families that have been overcharged and.

January 2013 and Feb. 2012: $1.8 billion – Two agreements in which JPMorgan joined other major banks in a nationwide settlement over allegations the institutions improperly carried out home.

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