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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!
JPMorgan Chase Bank has agreed to pay $8.75 million in order to settle a class action lawsuit that alleged the company violated the Fair Credit Reporting Act (FCRA).
Plaintiff Eva Duncan of Texas filed the FCRA class action lawsuit over claims that JPMorgan Chase accessed consumer credit reports in order to conduct an Account Review Inquiry of customers even after they, for numerous reasons, no longer had a relationship with the bank.
JPMorgan Chase allegedly implements an Account Review Inquiry during an annual audit which means Chase requests the credit information on individual customers. This does not include prescreening potential customers.
According to the terms of the JPMorgan Chase FCRA class action lawsuit settlement, the banking institution has not only agreed to pay the cash Settlement Fund but they have also agreed to change annual auditing for a few years.
The JPMorgan Chase class action lawsuit settlement states that for the next three years, annual audits will confirm that individuals who owe no debt to Chase, retain no interest in any property securing a debt owed to Chase, and have no other account with Chase will be exluded.
JPMorgan Chase denies any liability in the FCRA class action settlement but agreed to the terms in order to avoid the cost of further litigation.Â
Who’s Eligible
JP Morgan Chase class action settlement Class Members include all borrowers or guarantors of a Chase or Chase-serviced account in which your consumer credit information was accessed by Chase through an Account Review Inquiry between Oct. 16, 2009 and Oct. 16, 2014, and at a time when the account met any one of the following criteria:
- 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
UPDATE 2: As of July 6, 2016, the settlement website states that the estimated payment per claimant is $8.92 and it is estimated checks will be issued in September 2016. Â Keep checking back and let Top Class Actions know when you receive a check in the comments section below or on our
 Facebook page.
UPDATE 3: As of July 12, 2016, the settlement is under appeal.  Claims will not be paid until all appeals are exhausted.  Top Class Actions will continue to provide updates as we learn more. Â
UPDATE 4: As of November 18, 2016, all appeals were resolved and the JP Morgan Chase FCRA settlement is Effective.  Checks will be mailed no later than December 18, 2016.  Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
UPDATE 5: On Jan. 3, 2017, Top Class Actions viewers who filed valid claims for the JPMorgan Chase FCRA class action settlement began receiving checks worth as much as $8.93.
Potential Award
Varies.
JP Morgan Chase class action lawsuit settlement Class Members will receive an equal portion of the $8.75 million Settlement Fund.
All remaining funds will be given to a nonprofit organization agreed upon by both parties and approved by the court.
Proof of Purchase
N/A.
No proof of purchase is required but Class Members must submit a valid Claim Form in order to receive a portion of the JP Morgan Chase class action lawsuit settlement.
Claim Form Deadline
03/23/2016
Case Name
Duncan v. JPMorgan Chase Bank, N.A., Case No. 5:14-cv-00912-FB in the U.S. District Court for the Western District of Texas
Final Hearing
04/27/2016
UPDATE: On June 20, 2016, the JPMorgan Chase FCRA settlement received final approval from the court.  Top Class Actions will continue to provide updates as we learn more. Keep checking back and let us know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Chase FCRA Settlement Claims Administrator
P.O. Box 43389
Providence, RI 02940-3389
888-736-2826
Admin@ChaseFCRASettlement.com
Class Counsel
Benjamin R. Bingham
Royal B. Lea, III
BINGHAM & LEA, P.C.
H. Anthony Hervol, Esq.
LAW OFFICE OF H. ANTHONY HERVOL
Darby Riley
Charles Riley
RILEY & RILEY
Defense Counsel
Kenneth A. Hill
William Lance Lewis
QUILLING, SELANDER, LOWNDS, WINSLETT & MOSER, P.C.
Noah A. Levine
WILMER CUTLER PICKERING HALE AND DORR LLC
Michael B. Goldberg,
PARKER IBRAHIM & BERG LLC
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110 thoughts onJPMorgan Chase FCRA Class Action Lawsuit Settlement
UPDATE
456,420 valid claims were filed. The district court has granted final approval of the settlement. A notice of appeal has been filed, so any payments pursuant to the settlement depend upon, and must await, the results of the appeal.
Hopefully The truth comes out on the appeals process.
UPDATE 3: As of July 12, 2016, the settlement is under appeal.  Claims will not be paid until all appeals are exhausted.  Top Class Actions will continue to provide updates as we learn more. Â
According to the website, there has been an appeal (not by them). Googling, there seems to be 3 people appealing the verdict. Personal feelings, the lawyers should be sued for malpractice. So, don’t expect your whopping $8.92 soon.
I agree, the lawyers should be sued. An audit should be completed on the entire process.
Right
This is a sick joke!!! You screw me over 100,000 and 8.92 is all i get. Ridiculous and outrageous
I can not believe that each person only gets 8.92 ! What a waste of time for only that amount of money! The only ones that benefitted were the lawyers and the people that were affected only gets a measly 8.92! I don’t see any justice in thi for the citizens involved!
I also lost my home in 2012 when Chase took over WaMu. 8.92 really? They are nothing but crooks. Everything they did was illegal.
No kidding! I remember on my paper in the mail a figure like $8000 per person! That’s the reason I took the time to fill it out! Had I known it was $9, I wouldn’t have wasted my time!
OMG!!! Are you kidding? How does that equate. $8.92
this is a JOKE
these are all jokes. the only ones who make out are the lawyers