Chase Customers Sue Over Failed Same-Day Card Payments

Law360, Washington (February 13, 2013, 4:49 PM EST) -- Two JPMorgan Chase Bank NA customers slapped the bank with a putative class action in New York federal court on Monday, claiming it charged customers excessive interest when it failed to honor same-day credit card payment transfers from Chase accounts.

According to plaintiffs Laura Bieghler and Maria Lucia Jimenez, Chase advertised a “same-day payment guarantee,” where customers could transfer money from their banking accounts to pay off their Chase credit card balances on the same day, but the bank repeatedly failed to post the credit within...
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