In yet another shockingly slimy move by JP Morgan Chase against the US military, they appear to have come to their senses after NBC News was alerted to the situation. For the millionth time, the banks (and businesses) do this because they can get away with it often enough. Anyone who talks about easing oversight and regulations on business (including Obama) is ignoring a steady stream of ripoffs like this. Business has had enough of a free ride, so how about doing something to help the middle class who gets continue to pay the price for wars and recessions. The problem now seems to have been fixed, but it should never have had to come to this in the first place.
Chase’s decision to end the voluntary program came to light when the bank was contacted by the wife of a soldier serving in Afghanistan, and she was told the bank decided in December to stop allowing active-duty troops to delay paying their student loans.
"They informed me that they are no longer deferring private student loans for active duty military personnel," said Kerri Napoli, whose husband, Army Pfc. Andrew Napoli, is now serving near Kandahar.
"The first words out of my mouth were, 'How could you do that during a war?'" said Kerri Napoli.
