- Report: #141840
Complaint Review: Chase Manhattan Bank - Wilmington Delaware
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Chase Manhattan Bank
cardmemberservices.com Wilmington, Delaware, U.S.A.
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Chase Bank Ripoff! So You Want To Sue Chase Bank? READ THIS NOW Wilmington, Delaware
A class action suit was filed on March 25, 2005 in the Superior Court of California for the County of San Bernardino against JP Morgan Chase Bank. A jury trial has been demanded on three counts: Unlawful Business Practice in Violation of California Business and Professional Code; False and Misleading Advertising in Violation of California Business and Professional Code; and Violation of the Consumers Legal Remedies Act, California Civil Code.
I just read the text of the suit, and it blew me away. Chase used their bait-and-switch technique to convince the Plaintiff (a long-term Chase customer in good standing and with an excellent credit history) to make a $10,000+ balance transfer at a 4.99% fixed rate to a Chase account ....and then Chase raised the APR on the account to 28.99% the following month! Where have we heard this before?
The Los Angeles law firm handling this case is considering federal action and a national suit. I have asked the lawyer handling the case to create an email update list for interested parties and will continue to post notices to this site. I believe a consumer uprising against Chase is in order.
And now this latebreaking news: A final decision may be made as soon as Monday, May 9, 2005 concerning taking the suit national. Violation of the Truth in Lending Act will probably be added.
Please light a candle, say a prayer, do a dance, or whatever is your chosen means of sending energy to this good cause.
The issue of usurious interest rates and financial terrorism being committed by credit card companies has reached critical mass.
The revolution begins today.
Raphaell
Seattle, Washington
U.S.A.
I just read the text of the suit, and it blew me away. Chase used their bait-and-switch technique to convince the Plaintiff (a long-term Chase customer in good standing and with an excellent credit history) to make a $10,000+ balance transfer at a 4.99% fixed rate to a Chase account ....and then Chase raised the APR on the account to 28.99% the following month! Where have we heard this before?
The Los Angeles law firm handling this case is considering federal action and a national suit. I have asked the lawyer handling the case to create an email update list for interested parties and will continue to post notices to this site. I believe a consumer uprising against Chase is in order.
And now this latebreaking news: A final decision may be made as soon as Monday, May 9, 2005 concerning taking the suit national. Violation of the Truth in Lending Act will probably be added.
Please light a candle, say a prayer, do a dance, or whatever is your chosen means of sending energy to this good cause.
The issue of usurious interest rates and financial terrorism being committed by credit card companies has reached critical mass.
The revolution begins today.
Raphaell
Seattle, Washington
U.S.A.
1 Updates & Rebuttals
Susan
Ellensburg,Washington,
U.S.A.
5-9-05 Update: National Class Action to be filed
#2Author of original report
Tue, May 10, 2005
Chase Class Action: Truth in Lending Act Violations Attention fellow sufferers under the jackboot of Chase! The Los Angeles law group which filed the 3/25/05 class action suit against JP Morgan Chase in California has completed their initial research. There are enough indications of a recent pattern of abuse by Chase in violation of the federal Truth in Lending Act for the L.A. firm to pursue a nationwide class action. I am asking the L.A. law firm representative if they are set up to have their name and contact information distributed at this point so that other credit consumers who have been abused by Chase can contact them and be contacted by them. Criteria have not been set, and I cannot speak for the law firm, but I expect they may be particularly interested in those credit consumers who have been allocated extremely high APRs due to Chase's subjective reclassification of them as high risk and/or reclassification due to changes in a credit report which are minor (one or two late payments with no overall history of being late) or not their fault (mis-reporting on a credit report or late payments that are not the consumer's own fault). I will keep you posted at this site. Please pass this information along to all who may be interested.
