Chen v. Chase Bank USA, N.A. et al.

UPDATE REGARDING FINAL APPROVAL HEARING

On June 23, 2020, the Court vacated the June 25, 2020 final approval hearing and granted the motion for final approval and motion for attorneys’ fees and costs and an incentive award. Accordingly, the final approval hearing previously set for June 25, 2020 will not proceed.

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA

Chen v. Chase Bank USA, N.A. et al.

Case No. 3:19-cv-01082 (JSC)

IF BETWEEN JANUARY 28, 2014 AND NOVEMBER 22, 2019 YOU WERE SENT AN ADVERSE ACTION NOTICE FROM CHASE CONTAINING EITHER "PREVIOUS UNSATISFACTORY RELATIONSHIP WITH THIS BANK" OR "PREVIOUS UNSATISFACTORY RELATIONSHIP WITH US OR ONE OF OUR AFFILIATES" AS THE ONLY REASON FOR TAKING AN ADVERSE ACTION IN CONNECTION WITH YOUR CREDIT CARD ACCOUNT, YOU MAY BE ENTITLED TO BENEFITS UNDER A PROPOSED SETTLEMENT.

A court authorized this Notice. This is not a solicitation from a lawyer. You are not being sued. However, your legal rights are affected whether you act or do not act.

This notice informs you of a proposed settlement in a class action lawsuit alleging that Chase Bank USA, N.A. (now JPMorgan Chase Bank, N.A. and referred to here as "Chase") violated the Equal Credit Opportunity Act ("ECOA"), 15 U.S.C. § 1691 et seq. requirement to provide the specific reason(s) for taking an adverse action on a credit application by giving "previous unsatisfactory relationship with this bank" or "previous unsatisfactory relationship with us or one of our affiliates" as the only reason for taking an adverse action in connection with a credit card account. Chase denies that its actions violated the law. No court or other entity has made any judgment or other determination that Chase violated the law.

The “Settlement Class” is comprised of all natural persons to whom Chase sent a letter giving either "previous unsatisfactory relationship with this bank" or "previous unsatisfactory relationship with us or one of our affiliates" as the only reason for taking an adverse action in connection with a credit card account during the period beginning January 28, 2014 and ending on November 22, 2019.

If you are a member of the Settlement Class (“Class Member”), you may be entitled to a cash payment.

Your legal rights are affected whether you act or not. Read this notice carefully, your rights may be affected whether or not you take any action.

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
SUBMIT A CLAIM FORM BY APRIL 28, 2020	Settlement Class Members who submit a valid claim form postmarked or submitted online by April 28, 2020, will receive a pro rata cash payment from the settlement fund. Payments are estimated to be $148 based on a projected 7% claims rate, but may be significantly less if there are an unexpectedly large number of claims. You can submit a claim online or create a customized claim form to print out and mail to the Settlement Administrator HERE. If you submit a claim form by mail, you must pay postage.
EXCLUDE YOURSELF BY APRIL 28, 2020	You can exclude yourself from the Settlement and you will not be eligible for any benefits. You keep your right to sue on your own regarding any claims that are part of the Settlement.
OBJECT TO THE SETTLEMENT BY APRIL 28, 2020	You can write to the Court and explain why you do not like the Settlement, Class Counsel’s requested attorneys’ fee, and/or the request for an incentive award to the Settlement Class Representative. You may also appear and speak at the Final Approval Hearing on your own or through your own lawyer to object to or comment on the Settlement.
DO NOTHING	If you do nothing, you will not be eligible to receive a payment under the Settlement. However, if the Settlement becomes final, you will release all claims against Chase relating to the Action.

These rights and options—and the deadlines to exercise them—are explained in this notice. The deadlines may be moved, cancelled or otherwise modified, so please check this settlement website regularly for updates and further details.

The Court in charge of this case still has to decide whether to approve the proposed settlement. If it does, and after any appeals are resolved in favor of the settlement, payments will be distributed to those who qualify. Please be patient.

PLEASE NOTE: Persons granted access to court proceedings held by telephone or videoconference are reminded that photographing, recording, and rebroadcasting of court proceedings, including screenshots or other visualcopying of a hearing, is absolutely prohibited. See General Order 58 at Paragraph III