.
Google

                       

Chase Bank Lawsuit


Faces Class Action over Credit Card Rates


Chase Bank Faces Class Action over Credit Card Rates

A class action lawsuit has been filed against Chase Bank USA, N.A. after the credit card issuer more than doubled minimum monthly payments and imposed an “Account Service Charge” on customers who had accepted its fixed-rate balance transfer offers.

The class action complaint alleges that Chase induced preferred customers to take out sizable balance-transfer loans by offering 2.99% to 4.99% promotional rates that would remain fixed for the life of the loan. It is alleged that after soliciting these long term loans – and charging transaction fees of up to 3% of the loan amount – Chase implemented a “forced loan modification program” to coerce consumers to surrender the benefit of their fixed promotional rates.

Chase has recently notified customers that unless they pay off their entire loan balance within 30 days or accept a higher annual rate, Chase will more than double their required minimum monthly payment and charge a $10 fee for each month that the loan remains outstanding.

The number of Chase customers that could be affected by the class action lawsuit remains unclear, but comments by Chase put the upper limit at 500,000 people.

Chase Credit Card Class Action Legal Help

If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
Related Law Suits

Chase Bank Law Suit and Settlement

JP Morgan Chase & Co Law Suit and Settlement

Washington Mutual Bank Collapse Law Suit and Settlement

ANB Financial NA Law Suit and Settlement

LOWE's Law Suit and Settlement

Drycleaners Law Suit and Settlement

Stanbdard Oil Law Suit and Settlement

Wal-Mart Law Suit and Settlement

Sears Law Suit and Settlement

Comcast Law Suit and Settlement

See more stories from this source.



Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits


Related Law Articles

is===1
Related Law Questions

Related Law Bulletins

Lawyers! Become an Approved Expert to Answer Questions.
US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree


Practice Area
Zip Code:

Contact a Lawyer Now!











is===1


0.9928 secs