Chase Ends Cardholder Action Over Hidden Fees For $8M

Law360, Los Angeles (November 22, 2011, 5:36 PM EST) -- A California federal judge on Tuesday signed off on a $7.8 million settlement between Chase Bank USA NA and a class of credit card users who claimed the bank charged them hidden fees after deceptively marketing special deals on balance transfers and short-term check loans.

U.S. District Judge George H. Wu said the deal, which will reimburse cardholders for the unexpected charges, is fair and reasonable. The class includes approximately 460,000 Chase cardholders who accepted the bank's transfer and check loan promotional offers between Jan. 15,...
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