JPMorgan Chase FCRA Class Action Settlement Checks Mailed

Top Class Actions viewers are starting to receive checks in the mail from a class action settlement that accused JPMorgan Chase Bank of violating the Fair Credit Reporting Act.

According to reader comments and posts on the Top Class Actions Facebook page, Class Members who submitted timely and valid claims for the JPMorgan Chase FCRA class action settlement began receiving checks worth as much as $8.93 on Jan. 3, 2017.

If you filed a claim for the JPMorgan Chase settlement, keep an eye on your mailbox because checks are on their way!

The class action settlement resolves allegations that JPMorgan Chase ran consumer credit reports of former account holders during an Account Review Inquiry.

Under the terms of the settlement, JPMorgan Chase agreed to pay $8.75 million as well as agreed to change their annual auditing for the next three years. The financial institution does not admit to any wrongdoings, they settled to avoid the expense of ongoing litigation. 

Class Members included all borrowers or guarantors of a Chase or Chase-serviced account in which their 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

The deadline to file a claim for the JPMorgan Chase settlement passed on Mar. 23, 2016.

Congratulations to our Top Class Actions readers who submitted a valid claim and got PAID! If you missed out, sign up for our free newsletter to receive updates on new class action lawsuits and settlements. You can also check out which class action settlements are still accepting claims in our Open Class Action Settlements section.

The Class is represented by Benjamin R. Bingham and Royal B. Lea III of Bingham & Lea PC; H. Anthony Hervol, Esq. of the Law Office of H. Anthony Hervol; Darby Riley and Charles Riley of Riley & Riley.

The JPMorgan Chase FCRA Class Action Lawsuit is Duncan v. JPMorgan Chase Bank NA, Case No. 5:14-cv-00912-FB, in the U.S. District Court for the Western District of Texas.