New York residents who accrued debt on a credit card issued by Chase, Bank of America or Capital One.
What’s Going On?
Attorneys working with ClassAction.org are investigating whether the non-banks that purchased credit card debts from these banks are charging interest rates that exceed what’s allowed by New York state law. If so, they want to start a class action to help credit card holders get back the money they may have been overcharged in interest.
What You Can Do
If you have debt on a Chase, Bank of America or Capital One credit card, fill out the form on this page.
Attorneys working with ClassAction.org are investigating whether the entities that purchased credit card debts from Chase, Bank of America and Capital One are charging interest rates that exceed what’s allowed by New York state law.
If you are carrying a debt on a credit card issued by any of these banks, you may be able to start a class action lawsuit and get some money back. Fill out the form on this page to learn more.
How Much Interest Is Too Much?
States have usury laws that protect consumers from being charged excessive interest rates. In New York, the interest rate limit is 16 percent per year. That means credit card holders in New York may have been overcharged if they’ve paid more than 16 percent interest on their debts.
Has a Lawsuit Been Filed?
A class action lawsuit has already been filed against Chase Funding LLC and Chase Issuance Trust that claims the entities are “charging, collecting, receiving and attempting to collect” excessive interest from credit card debtors in New York.
The plaintiff behind the suit says he was carrying debt on various Chase-issued credit cards, including the Chase Sapphire, Chase Slate, and Chase Freedom cards. According to the case, the defendants have been overcharging the plaintiff by levying interest rates that range from 17.24 percent all the way up to 27.24 percent—which the suit says is in excess of New York’s 16-percent limit.
In light of these allegations, attorneys working with ClassAction.org are investigating whether purchasers of debts created on Bank of America and Capital One credit cards may also be engaged in similar practices.
How Can a Lawsuit Help?
A class action lawsuit could help credit card holders get back the money they were overcharged in interest. It could also force companies that purchase credit card debts from Chase, Bank of America, and Capital One to stop overcharging their customers in the future.
How Do I Sign Up?
If you live in New York and accrued debt on a credit card issued by Chase, Bank of America, or Capital One, fill out the form on this page. We’ll forward your information to the attorneys we work with, and they may contact you directly to tell you more about how you can help start a class action lawsuit.
Remember, it won’t cost you anything to fill out a form or speak with an attorney, and you’re not obligated to take legal action if you’re contacted.