Chase To Pay $5.5M To Circuit City Credit Card Fee Class

Law360, Los Angeles (April 24, 2014, 7:54 PM ET) -- Chase Bank USA NA agreed Wednesday to pay $5.5 million to a class of nearly 438,000 Circuit City rewards credit card holders who alleged Chase tricked them into joining an "interest free" program, then breached their contracts and slapped them with unexpected fees and interest charges.

Wednesday's proposed settlement — which would pay out about $10 to each class member — stands to end the heavily litigated, eight-year case after a series of  blows to the plaintiffs, including thrown-out claims and a denied class certification....
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