9th Circ. Revives Chase APR Class Action

Law360, New York (May 20, 2009, 12:00 AM EDT) -- A federal appeals court has overturned the dismissal of a putative class action alleging Chase Bank USA NA deceived credit card customers by not clearly disclosing the risk factors that would lead it to increase a cardholder's annual percentage rate.

The U.S. Court of Appeals for the Ninth Circuit on Tuesday ruled that Chase had failed to conspicuously disclose that information, reversing and remanding a dismissal from the U.S. District Court for the District of Oregon.

The plaintiffs had argued that Chase consciously shielded its APR...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.