Brnovich: Arizona to get $3.1M under JPMorgan settlement

PHOENIX (AP) - Arizona Attorney General Mark Brnovich says the state will get $3.1 million under a settlement stemming from JPMorgan Chase's debt collection practices.

JPMorgan's settlement with the Consumer Financial Protection Bureau, 47 states and, the District of Columbia resolves allegations that the bank used illegal tactics to go after delinquent credit card borrowers.

Under the settlement announced Wednesday, JPMorgan will refund $50 million to affected consumers and pay $136 million in fines.

The bank also will permanently halt collecting on 528,000 accounts, and it will have to pay a separate $30 million penalty to the Office of the Comptroller of Currency.

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