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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Chase Bank has agreed to pay $11.5 million to settle a class action lawsuit alleging the bank harmed credit card accountholders’ credit scores and even required them to pay on debts that were discharged in Chapter 7 bankruptcy.
The Chase credit card class action lawsuit alleged that the debts on Class Members’ accounts that were discharged in bankruptcy were sold to third parties, known as debt buyers; however, Chase failed to update accountholders’ credit reports. Instead, the credit reports reflected that the debts were sold or charged off.
The class action lawsuit claimed that Chase’s failure to update these credit card accounts reflected negatively on Class Members’ credit scores. Further, some Class Members, concerned about the affects of the allegedly falsely reported debt on their credit score, continued to pay on debts that had been discharged in bankruptcy.
Chase Bank says it did not attempt to collect on discharged debts, but has agreed to pay $11.5 million to end the class action lawsuit.
Class Members may be entitled to a full refund of any amount they paid on a Chase Bank credit card debt that was discharged in Chapter 7 bankruptcy, along with a portion of the settlement award.
The deadline to opt out of the class action settlement agreement is July 18, 2018.
Who’s Eligible
Class Members include “all individuals (i) who maintained a Credit Card Account with CBUSA; (ii) whose account CBUSA charged off and then sold to a Debt Buyer on or after January 1, 2008, and (iii) who post-sale sought and obtained a discharge of the debt as a result of his/her bankruptcy under Chapter 7 of the Bankruptcy Code, through and including the date of the Bankruptcy Court’s preliminary approval of the Settlement.”
Potential Award
A full refund of the amount paid on an affected Chase Bank credit card account, along with a share of the settlement award.
Proof of Purchase
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
7/18/2018
Case Name
Rusty Haynes v. Chase Bank USA NA, Case No. 18 CV 3307 (VB), in the U.S. District Court for the Southern District of New York
Final Hearing
8/20/2018
UPDATE: The Chase Bank Credit Card Debt Class Action Settlement was granted final approval on August 28, 2018. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
UPDATE 2: On April 1, 2019, Top Class Actions viewers started receiving checks in the mail from the Chase Bank credit card debt class action settlement worth as much as $438.75. Congratulations to everyone who filed a claim and got PAID!
Settlement Website
Claims Administrator
Haynes v. Chase Settlement Administrator
c/o Rust Consulting Inc. – 6032
PO Box 44
Minneapolis, MN 55440-0044
1-877-896-6933
Class Counsel
BOIES SCHILLER FLEXNER LLP
CHARLES JUNTIKKA & ASSOCIATES
Defense Counsel
WILMER CUTLER PICKERING HALE AND DORR LLP
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178 thoughts onChase Bank Credit Card Debt Class Action Settlement
I deposited mine yesterday and it cleared today. I bank with Chase.
Received my check yesterday. $438.75
my wife got her check yesterday
Spoke to someone at Rust Consulting and they said there is only one disbursement per person, EVEN if you filled out 2 postcards.
I had 3 claims submitted, will I receive 3 checks?
My dad also received 2 claim post cards and I made sure to fill both out for him. He only recieved one check. There is no option to speak to someone when calling the number and no email address to ask the claims administrator what’s going on? Anyone that filled out 2 claim forms get 2 checks?
These rusty is profiting with people misfortune. They should be investigated .!!!
Got my check yesterday, $438
Received my check yesterday. :)
I had two claim mumbers as well. Will I get two check or just the one?
I was wondering the same thing. Anybody have an answer?