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Violation Tracker Individual Record

Company: Chase Bank NA
Current Parent Company: JPMorgan Chase
Penalty: $100,000,000
Year: 2012
Date: November 19, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Mega-Scandal: Credit Card Issuer Abuses
Violation Description: Chase Bank agreed to pay $100 million to settle litigation alleging it improperly raised interest rates on loan balances transferred to credit cards.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:09md2032
Case Name: In re: Chase Bank USA, N.A. "Check Loan" Contract Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.