Chase To Pony Up $10M To Settle Robocall Class Action

Law360, Los Angeles (May 12, 2015, 10:30 PM EDT) -- JPMorgan Chase Bank NA has agreed to pay $10.2 million to end a class suit accusing its automotive loan department of violating the Telephone Consumer Protection Act by placing robocalls to over 2 million customers’ cellphones without consent, according to documents filed Tuesday in Illinois federal court.

The deal stipulates that Chase will pay $10.2 million into a non-reversionary settlement fund, of which the roughly 2.2 million class members can expect to receive approximately $45 to $55 each, according to the plaintiffs’ unopposed motion for preliminary settlement approval.

The class counsel argues in the motion that the settlement is fair and...

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