A lawsuit filed against
JPMorgan Chase & Co is accusing the investment heavyweight of charging customers surprise fees when it
blocked customers from using credit cards to buy cryptocurrencies earlier this year.
Media reports that the plaintiff named in the lawsuit is Brady Tucker, an Idaho resident who claimed to be dinged $143.30 in fees and $20.61 in surprise interest charges by Chase for five transactions that were treated as cash advances. Tucker is seeking class-action status for the lawsuit, which was filed in New York this week and wants a full refund plus $1 million in damages.
An increasing number of banks in the United States and Canada are prohibiting customers from using their credit cards to purchase digital currencies.