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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 hope this country is ready for a wake up call from the crooks running it.
Capitalism with no accounting not even by judges. To hell with saving your 2 nd amendment rights. They pale in comparison to legal stealing by our system
This is ridiculous. The fine for accessing a credit report with consumers permission is 1,000.
You all should NOT accept your 8 bucks instead sue them in small claims for your rightful damages.
Have received mine.
Just received my check January 13 2017
I received an unexpected check for $8.93 from Duncan v chase bank. I am not sure if I should cash this check because chase bank employee stole thousands of dollars from me in 2010 at the chase bank on lakeway drive in bellingham, wa. It was over $10,000. When I brought a statement in to the then bank manager with a $20 & $30 deposited amount that was not mine he did not even look up to see who did this he immediately said ” it was a mistake”. That made me very suspicious that he knew the theif. I really need my money and I hoped that this was it. What a dissappointment
I received a check from JPMorgan Chase for $8.93 as part of settlement in Duncan v. JPMorgan Chase Bank N.A. on January 11, 2017.
Received today 8.93 post card …
My name is Mike How can I only receive $8.93 I should have received more then that waited so long and that is the total what my wife and I will get or will we receive another check in the mail?
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.
$8.93 for the settlement for allowing Chase to steal my home through massive fraud?
What a joke!!!
I could have brought my account current, but Chase would NOT accept my payment.
I could have paid it off in full, but Chase would NOT accept my payment.
This mortgage scam has been going on for a long time, and it continues today with millions of new foreclosures coming in.
If anyone had that force placed PMI or MIP insurance added to their loan, that was/is the motivating factor behind their scam.
The insurance that each homeowner was paying the premiums on, (either the PMI or MIP), the banks collected 80% of the loan amounts from the government.
You pay the premiums on the insurance and the banks collect the payouts! Slick?
Then the banks turned around and resold those fraudulently foreclosed on homes and made more profits, even resold at half of the loan amount.
This was a pre-planned scam from the beginning and the banks got rewarded instead of prosecuted and jailed for their crimes.
This $8.75 million settlement is just another slap in the face to the victims of these banksters crimes!
That settlement amount was already figured into their budget, so they haven’t lost anything.
And who got most of the settlement? Their buddy lawyers from the other side of the table who were supposed to be representing the victims, but only took their huge cut from the settlement and left everyone else screwed over again.
And if you think you have 30 days to move after they finish the theft of your home in the corrupt courts? Forget that too!
They will come out and change the locks, with no court order, and steal whatever personal property you still have in the home.
Who knows, maybe that’s how the lower level law enforcement police get their cut of the profits by handing those thefts.
Wake up people!!!