Chase, Citi, Others Dodge Illegal Debt Collection Suit

Law360, Washington (September 23, 2013, 6:12 PM EDT) -- JPMorgan's unit Chase Bank NA, Citigroup Inc. and several other credit card and debt collection companies escaped a putative class action for illegal debt collection practices Friday, when a New York federal judge ruled the plaintiffs’ claims were legally barred or insufficiently alleged.

According to U.S. District Judge Shira A. Scheindlin, the 15 named plaintiffs’ claims, alleging violations of the Fair Debt Collection Practices Act, the Racketeer Influenced and Corrupt Organizations Act and their due process rights — as well as their various state law claims...
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