News
Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases
Summary: A class-action lawsuit that claimed JPMorgan Chase was overcharging customers using their credit cards to buy cryptocurrencies has been settled out of court. Plaintiffs Brady Tucker, Ryan Hilton and Stanton Smith alerted the U.S. Southern District Court in New York they had come to a settlement with the defendant, Chase Bank. According court order signed ...
A class-action lawsuit that claimed JPMorgan Chase was overcharging customers using their credit cards to buy cryptocurrencies has been settled out of court.
Plaintiffs Brady Tucker, Ryan Hilton and Stanton Smith alerted the U.S. Southern District Court in New York they had come to a settlement with the defendant, Chase Bank. According court order signed by Judge Katherine Polk Failla on March 10, the proceedings have now been discontinued.
The class action lawsuit was first brought in April 2018, when Tucker complained that Chase had overcharged him by more than $160 in fees and interest for purchasing cryptocurrencies from Coinbase with his credit card.
By Ramsey Baker
Tags: Credit Card,Cryptocurrency,JPMorgan Chase,Lawsuit,overcharge
Link: Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases [Copy]
