Published on January 11th, 2016 | by William Charles0
Chase Class Action Settlement For Borrowers & Deposit Account Holders
JPMorgan Chase has agreed to settle a lawsuit, they allegedly were accessing consumer credit reports when they had no right to do so under FCRA.
You were a borrower or guarantor on a JPMorgan Chase Bank, N.A. or Chase Bank USA, N.A. (collectively “Chase”) account or Chase-serviced account whose credit bureau information was accessed by Chase through an Account Review Inquiry during the period October 16, 2009 through October 16, 2014 at a time when the subject account met any one of the following criteria (“Eligibility Events”):
- The account was closed with a zero balance
- The account had been sold or transferred to a third party
- The debt on the account had been discharged in bankruptcy
- Chase had foreclosed the property securing the account loan
- Chase had sold in a short sale or had transferred through a deed in lieu of foreclosure the property securing the account loan.
The Fine Print
- Settlement pool is $8.5 million
- Claim must be received by March 23, 2016
I imagine a lot of people would’ve had accounts opened & closed during that time period with Chase, especially if you’re into Chase checking & savings bonuses. How much you’ll receive will depend on how many other claimants there are.
Other class action lawsuit posts:
Hat tip to Class Action Lawsuits