No Result
View All Result
China Secrets Revealed
  • Economy
  • Editor’s Pick
  • Investing
  • News
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • News
  • Stock
No Result
View All Result
China Secrets Revealed
No Result
View All Result
Home Economy

Chase customers sue over fees for depositing checks that bounce

by
February 22, 2024
in Economy
0
Chase customers sue over fees for depositing checks that bounce

JPMorgan Chase was sued by customers who accused the largest U.S. bank of having unfairly charged fees when they deposited checks that, through no fault of their own, bounced.

In a proposed class action filed on Tuesday night, five customers said New York-based Chase docked $12 “deposited item returned fees” from their accounts when checks they tried to deposit were returned unpaid.

Checks can bounce for many reasons, including when writers do not have enough money in their accounts or issue stop payment orders, or when the checks contain errors.

The Chase customers called the bank’s “junk fees” for returned checks “unconscionable” and “predatory,” citing an October 2022 U.S. Consumer Financial Protection Bureau bulletin that said indiscriminately charging such fees was likely illegal.

“By charging these deposited item return fees, Chase unfairly targeted its customers with financial penalties for faulty checks the customers had no hand in issuing,” the complaint said. “They did nothing wrong, yet were penalized.”

Chase declined to comment on the lawsuit, but said it stopped charging the fees in December 2022.

The five customers said they were charged between November 2021 and October 2022.

Their lawyer Lisa Considine called imposing the fees “a pervasive and unfair industry practice.”

The complaint seeks at least $5 million of damages for Chase customers nationwide, alleging violations of New York, California, Illinois and New Jersey consumer protection laws. It was filed in the White Plains, New York federal court.

In October, the Biden administration called for a crackdown on hidden and surprise fees in banking and other sectors including car rentals, hotels and concert tickets, saying the fees cost Americans tens of billions of dollars a year.

The case is Maslowski et al v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No. 24-01277.

This post appeared first on NBC NEWS
Previous Post

The IRS will pursue business private jet usage in a new round of audits on high-wealth taxpayers

Next Post

More than 15 million Toshiba laptop adapters recalled due to fire hazards

Next Post
More than 15 million Toshiba laptop adapters recalled due to fire hazards

More than 15 million Toshiba laptop adapters recalled due to fire hazards

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Department of Justice opens criminal investigation into NY AG Letitia James

Department of Justice opens criminal investigation into NY AG Letitia James

0
TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?

TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?

0
Google’s antitrust ruling draws parallels to Microsoft’s 25-year-old case: Here’s how

Google’s antitrust ruling draws parallels to Microsoft’s 25-year-old case: Here’s how

0
In 2023, Colorado Lawmakers Pushed Back on Cops Practicing Pain Medicine Based on Flawed CDC Guideline

In 2023, Colorado Lawmakers Pushed Back on Cops Practicing Pain Medicine Based on Flawed CDC Guideline

0
Department of Justice opens criminal investigation into NY AG Letitia James

Department of Justice opens criminal investigation into NY AG Letitia James

May 9, 2025
Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

May 9, 2025
GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

May 8, 2025
White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

May 8, 2025

Recent News

Department of Justice opens criminal investigation into NY AG Letitia James

Department of Justice opens criminal investigation into NY AG Letitia James

May 9, 2025
Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

May 9, 2025
GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

May 8, 2025
White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

May 8, 2025

Disclaimer: ChinaSecretsRevealed.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 ChinaSecretsRevealed. All Rights Reserved.

No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • News
  • Stock

Copyright © 2024 ChinaSecretsRevealed. All Rights Reserved.