Fees On Crypto Purchases Didn't Breach Contract: Chase

By Philip Rosenstein (August 23, 2019, 8:54 PM EDT) -- Chase Bank outlined its affirmative defenses in an answer to a proposed class action in New York federal court brought by customers who say the bank ambushed them by billing their credit card cryptocurrency purchases as expensive cash advances without notice, arguing that damages suffered are "a result of their own conduct."

The bank's Thursday answer to the proposed class' amended complaint comes after U.S. District Judge Katherine Polk Failla said at the beginning of the month the proposed class could proceed with claims for breach of contract and inadequate disclosure against Chase Bank USA NA, but trimmed other disclosure-related claims...

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