Chase Bank Class Action
Childress v Chase Bank USA N.A.
United States District Court for the Eastern District of North Carolina
Case No. 5:16-cv-0298
On July 2, 2019, the Court granted Plaintiffs’ motion for class certification and appointed Keller Rohrback, Smith & Lowney, and the Shanahan Law Group as Class Counsel. The certified class is defined as:
All persons who, at any time on or after January 1, 2005 (the “Class Period”), received reduced interest and/or fee benefits from defendant Chase Bank USA, N.A. on a credit card obligation or account because of an obligator’s military service, but excluding persons who have executed a release of rights claimed in this action.
On October 18, 2019, the Administrator began to send a Court-approved Notice to the Class Members by email or by First Class U.S. Mail to the class members identified by Chase Bank. You may want to check your email spam folder for emails from email@example.com. Please review the Notice you received carefully and completely as there is an important deadline by which you must act if you choose to do so. A copy of this Notice can be reviewed in the Case Documents section contained below.
For more detailed information about this class action litigation and to review certain Court-filed documents, please visit the Court-appointed Administrator website at www.chasebankclassaction.com. We urge you to review the additional information that is available on that website and to check it regularly for updates as the litigation progresses.
Plaintiffs brought this case on behalf of themselves and a class alleging claims for violations of the Servicemembers Civil Relief Act (“SCRA”), violations of the Truth in Lending Act, breach of contract, and negligent misrepresentation among other causes of action.
The SCRA requires that all debts incurred by service members of the armed services before being called to active duty are reduced to a 6% interest rate from the date of deployment through the period of active duty and that all financial institutions must forgive interest rates above 6%. Plaintiffs allege that Chase Bank offered active duty military members more generous benefits than those required by the SCRA but then despite the requirements of the SCRA and its own beneficial contractual terms with active-duty customers, Chase Bank charged an illegally high interest rate and improper fees on debts of servicemembers. Those improper charges improperly inflated the total balance owed to Chase. In addition, Plaintiffs allege that Chase concealed its SCRA violations from those servicemembers that were negatively impacted. The Plaintiffs and others did not discover these violations until 2016 after Chase had sent misleading correspondence, and some checks, to its military customers.
Please be advised that we cannot confirm any membership in the certified class for any individual servicemember, nor can we advise on the interest rate that may have been in place for any debt owed to Chase Bank by a servicemember.
Legal Notice – 10/18/2019