{"id":1327,"date":"2024-02-22T06:40:03","date_gmt":"2024-02-22T06:40:03","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/22\/chase-customers-sue-over-fees-for-depositing-checks-that-bounce\/"},"modified":"2024-02-22T06:40:03","modified_gmt":"2024-02-22T06:40:03","slug":"chase-customers-sue-over-fees-for-depositing-checks-that-bounce","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/02\/22\/chase-customers-sue-over-fees-for-depositing-checks-that-bounce\/","title":{"rendered":"Chase customers sue over fees for depositing checks that bounce"},"content":{"rendered":"<div>\n<p class=\"\">JPMorgan Chase\u00a0was sued by customers who accused the largest U.S. bank of having unfairly charged fees when they deposited checks that, through no fault of their own, bounced.<\/p>\n<p class=\"\">In a proposed class action filed on Tuesday night, five customers said New York-based Chase docked $12 \u201cdeposited item returned fees\u201d from their accounts when checks they tried to deposit were returned unpaid.<\/p>\n<div><\/div>\n<p class=\"\">Checks can bounce for many reasons, including when writers do not have enough money in their accounts or issue stop payment orders, or when the checks contain errors.<\/p>\n<p class=\"\">The Chase customers called the bank\u2019s \u201cjunk fees\u201d for returned checks \u201cunconscionable\u201d and \u201cpredatory,\u201d citing an October 2022 U.S. Consumer Financial Protection Bureau\u00a0bulletin\u00a0that said indiscriminately charging such fees was likely illegal.<\/p>\n<p class=\"\">\u201cBy charging these deposited item return fees, Chase unfairly targeted its customers with financial penalties for faulty checks the customers had no hand in issuing,\u201d the complaint said. \u201cThey did nothing wrong, yet were penalized.\u201d<\/p>\n<p class=\"\">Chase declined to comment on the lawsuit, but said it stopped charging the fees in December 2022.<\/p>\n<p class=\"\">The five customers said they were charged between November 2021 and October 2022.<\/p>\n<p class=\"\">Their lawyer Lisa Considine called imposing the fees \u201ca pervasive and unfair industry practice.\u201d<\/p>\n<p class=\"\">The complaint seeks at least $5 million of damages for Chase customers nationwide, alleging violations of New York, California, Illinois and New Jersey consumer protection laws. It was filed in the White Plains, New York federal court.<\/p>\n<p class=\"\">In October, the Biden administration called for a\u00a0crackdown\u00a0on hidden and surprise fees in banking and other sectors including car rentals, hotels and concert tickets, saying the fees cost Americans tens of billions of dollars a year.<\/p>\n<p class=\"endmark\">The case is Maslowski et al v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No. 24-01277.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase\u00a0was sued by customers who accused the largest U.S. bank of having unfairly charged fees when they deposited checks that, through no fault of their own, bounced. In a proposed class action filed on Tuesday night, five customers said New York-based Chase docked $12 \u201cdeposited item returned fees\u201d from their accounts when checks they [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1327"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1328"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}