Los Angeles Business Journal

J.P. Morgan Faces California Crackdown

Friday, May 10, 2013

J.P. Morgan Chase is retreating from the California electricity market as regulators crack down on its energy-trading and other practices, the Wall Street Journal reports. The state’s attorney general also has sued J.P. Morgan Chase, accusing it of operating a "debt collection mill" targeting credit card customers, the New York Times and Los Angeles Times report.