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Cymbalista et al v. JPMorgan Chase Bank, N.A.
Case Number:
2:20-cv-00456
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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April 12, 2021
Chase Agrees To Pay $11.5M To End Escrow Interest Suit
JPMorgan Chase Bank NA has agreed to pay $11.5 million to end a proposed class of homeowners' claims that the bank failed to pay interest on funds held in escrow for mortgages as required by certain state laws, which, if approved, would end the suit in federal court on Long Island.
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June 04, 2020
JPMorgan Seeks Dismissal Of Escrow Interest Suit
JPMorgan Chase urged a New York federal judge to toss a proposed class action accusing it of failing to pay interest on mortgage escrow accounts under state law, arguing Wednesday that the Empire State law is preempted by federal banking laws.
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March 23, 2020
JPMorgan Chase Says NY Escrow Interest Suit Is Preempted
JPMorgan Chase has previewed its upcoming fight against a proposed borrower class action accusing it of ignoring a New York state law that mandates the payment of interest on mortgage escrow accounts, outlining its plans to become the latest big national bank to argue the law doesn't apply to it.