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This settlement is closed!
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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.
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. 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.
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
I also lost my home Chase said I was behind 2 months which I knew I wasn’t my had caught on fire andi I sent them 5000.00 check and they accuse.me lying I sent them a copy of for over a month I deal with and they still did foreclosure on me the day after I moved out they Caled me and said they had found the money had put it on my escrow account when it plainly stated on the memo that it was for house payment and I told them that I had already moved out and they told me that I could move back in if I wanted to.And the words that I said to them well really need to post them except that they needed people that knew how to do their job and that they had force me out of my home and taking it from me biggest cricked that I had ever deal with
Is this a scam….?
Has anyone received checks yet, my husband received 1 end of September, he thought it was a scam so it sat on our desk until today he received a 2nd one today but it claimed the 1st check wasn’t correct for cashing but the 2nd one is good to go. Trying to find out if checks are being received now or if someone is now scamming the situation.
The settlement is still under appeal, and claims have not been paid. You should contact the settlement administrator or class counsel with any questions about your specific claim.
I just want to exercise my right to free speech, with the settlement that was reached between Chase LLC and 47 state Attorney Generals, the Consumer Protection Agency, and a few other government agencies. I was one of the 322 Washington State consumers whom Chase practiced there “unlawful collection practices”. I was shocked to learn that these government agencies that we, the consumer, were suppose to report just these actions to, had received millions of dollars from Chase with the settlement. After a few attempts to get any information on this settlement, I was informed that the settlement to the Attorney General in Washington was 4 million dollars, legal fees and there time covering this case, was going to be used to prevent any other company of taking advantage of the Washington consumer. I found all of this information in a news letter from our Attorney General in my email box, I was not informed of the complaint I filed or any other actions taken to punish Chase for there “unlawful” practices against the consumer. Now if I were to use such “unlawful” practices against anyone I would have been sentenced to a nice little tour of a federal prison. Each and every agency I have contacted has given me the same advice, “we do not have the authority to give or answer any legal inquires about this case”. I thought that the agencies that are in place to protect the consumer from just this type of action would at least inform us, the consumer, of the settlement. Chase has also replied back with there account of there “unlawful collection practices” they used against me with nothing more then a history of the account and there actions that were “unlawful”. I was refunded all of the interest and fees I paid when the collection was taken, and of course a few dollars for the inconvenience they put me through. Am I wrong in thinking that the agencies I report these violations to have more of a agenda under there sleeves then the protection of the consumer they are paid to protect? These agencies need to do what we pay them to do, protect us from the companies that use these ” unlawful practices”. I see this as “take the settlement and run” with out a second thought of the consumer, whom filed the complaint in the beginning. This is just the start of the road I intend to follow, I have worked very hard for a very long time, and this is not the way anyone should be treated. I have expressed my thoughts because I made a promise to the agencies I was in touch with, the need for speaking up about the way consumers are used and treated has to be said. On just a side note, one of the attorneys that was handling this case through the Attorney General here in Washington state retired after the decision was made in this case, I would retire to if I was more or less given 4 million to use to help prevent other companies from using these “unlawful practices” here in Washington State against the protected consumer.
This is so sad and very stupid. My house was foreclosed in 2013. Everything I worked hard for went down the drain. What are we gonna do with $9.
NO checks or me, All I have is the file claim # (which I printed it out on 1/19/16 @ 3:19 pm (lol). I’ve heard we should be expecting to see them arrive the middle of this week, like now (which for me, havent seen any). Not sure as to the “how much” but posting are stating $8.92 (enough for a combo meal anywhere, lol).
They appealed it so no checked are being send out until all the appeals are met
Has anyone got the checks yet
Hopefully we will see more money then!
The money!!!
Any idea of what the appeal is for? Hopefully it’s in our favor