Chase Bank Credit Card Debt Class Action Settlement

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

Documentation confirming payments for reimbursement claims, including cancelled checks or account statements. To submit a claim online, Class Member ID is required; however, the forms can be printed and mailed. Download a Distribution Claim Form here or a Reimbursement Claim Form here.

Claim Form

CLICK HERE TO FILE A CLAIM »

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

https://HaynesSettlement.com

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