JPMorgan Gets Overdraft-Fee Case Sent To Arbitration

Law360, Los Angeles (January 30, 2014, 9:01 PM EST) -- The lead plaintiff in a putative class action against JPMorgan Chase & Co. on Thursday lost her bid to keep the dispute over the bank's overdraft protection program out of arbitration, when a New York federal judge ruled the arbitration agreement was valid.

U.S. District Judge Katherine Polk Failla rejected Laurie Scott’s argument that her status as a putative class member in a separate suit over arbitration, in which JPMorgan agreed to settle, kept her from facing arbitration in her dispute over the fees and interest...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.