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Major Banks Colluded For 30 Years To Fix Rates, Suit Says

By Katryna Perera ( October 17, 2025, 7:55 PM EDT) -- Several major banks, including JPMorgan Chase, Bank of America and Wells Fargo, have been hit with a proposed class action in Connecticut federal court alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses....

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