JPMorgan Sued Over ‘Sky-High’ Fees for Cryptocurrency Purchases

JPMorgan Chase & Co. was sued for charging “sky-high” interest rates and fees to customers who used their credit cards to buy cryptocurrencies such as Bitcoin.

Brady Tucker, a Chase credit-card customer in Idaho, claims the bank began treating his cryptocurrency buys as cash advances in January rather than purchases, and charging him interest rates of as much as 30 percent a year and additional fees.

Tucker, who is seeking class-action status for the suit filed Tuesday in federal court...

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