High Court Grills Credit Card Plaintiffs' Counsel

Law360, New York (December 8, 2010, 5:02 PM EST) -- The attorney representing a class of plaintiffs accusing Chase Bank USA NA of violating the Truth In Lending Act by failing to notify credit card holders before raising interest rates over late payments or defaults faced tough questioning from a skeptical U.S. Supreme Court on Wednesday.

The plaintiffs claim Chase violates the law by retroactively increasing interest rates on credit cards dating back to the beginning of a payment cycle.

According to Chase, the company informed consumers in their credit card agreements that it could raise...
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