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Cohen et al v. Chase Card Funding, LLC et al

  1. September 28, 2020

    Capital One Escapes Cardholders' New York Usury Claims

    A federal judge in Brooklyn on Monday threw out a suit alleging Capital One collected interest from consumers at unacceptable interest rates, finding that federal, not state, law applies to the case.

  2. September 22, 2020

    Chase Credit Card Servicers Escape Usury Suit in New York

    A federal judge in Buffalo threw out a suit accusing two non-bank entities associated with JPMorgan Chase Bank of violating a New York law capping the interest rates banks can lend at, finding that both the National Banking Act and guidance from the Office of the Comptroller of the Currency supported dismissal of the matter.

  3. February 07, 2020

    Consumer Groups Urge Caution In Chase Card Interest Case

    Consumer advocates are warning that a tentative New York federal court ruling backing dismissal of a usury lawsuit tied to Chase credit card securitizations is too broad, flawed and could hold "real and ominous risks" for consumers and state efforts to curb high-interest lending if adopted wholesale.

  4. January 23, 2020

    Chase Card Interest Case In Peril After Dismissal Endorsed

    A New York federal judge has given his thumbs-down to a Chase credit card holder's proposed class action that banking industry groups have warned could upend trillions of dollars in asset-backed securitizations, concluding that the state-law usury claims at issue in the case are preempted.

  5. January 09, 2020

    NY Court Told OCC's Madden Fix Proposal Merits 'Scorn'

    A Chase customer behind class action litigation alleging New York usury law violations tied to the bank's credit card securitizations has told a New York federal court that the Office of the Comptroller of the Currency's valid-when-made rule-making proposal doesn't buttress the case for dismissing his suit, saying the agency's analysis deserves "skepticism and even scorn."