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: Bodily Injury BlogAppeals Court Allows Class Action Against Chase
By Edward Bills
An Oregon couple can pursue a class-action lawsuit over allegations that Chase Bank violated the Truth in Lending Act, a federal appeals court has ruled. In the ruling, the 9th Circuit Court of Appeals found that a lower court had wrongly dismissed the complaint. Chase failed to properly disclose that it could drastically change a cardholder's annual percentage rate for any reason, the court found. The lead plaintiffs in the case filed suit after Chase raised the APR on their credit card from 9 percent to about 24 percent.
Full post as published by Bodily Injury Blog on June 04, 2009 (boomark / email).
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