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Judge: Banks not on hook to shield businesses from employees who use app to double-deposit checks

Jonathan Bilyk Aug. 9, 2016, 2:17pm

A Lakeview hotel business will not be allowed to press its class action claim JP Morgan Chase should be held responsible for fraud perpetrated by people using Chase’s mobile banking app to double-deposit checks, creating legal and financial headaches for those issuing the checks.

Lakeview hotel operators bring class action over mobile banking app allowing checks to be cashed twice

Scott Holland Dec. 15, 2015, 5:36pm

Potential loopholes in a mobile banking application which could allow depositors to cash the bank notes more than once have prompted a Lakeview hotel business to bring a class action against JP Morgan Chase. Plaintiff 1409 West Diversey Corp., which does business as the Bellwood Hotel, filed its putative class action against JP Morgan Chase in Cook County Circuit Court Dec. 9, claiming its mobile check capture service allows bank customers to deposit checks more than once.