Rotating Header Image

Chase class action lawsuit #13, filed by Green Welling LLP

I have just received word from Green Welling LLP, with documentation attached, regarding Chase class action lawsuit #13: Michael A. Pendleton on behalf of himself and all others similarly situated, Plaintiff v. Chase Bank USA, N.A., Defendant.

There’s been some speculation on the part of site visitors in light of some recent headlines that the class action lawsuits would perhaps be impeded by Chase’s rescission of the $10 monthly finance charge for account holders (conflicting reports leave some uncertainty as to exactly how many). 

Nevertheless, even though I am not an attorney, I can say that conceptually, Chase can’t simply say “Nevermind!” or hit a “rewind button” to make this whole issue simply vanish.  There are other aspects of the change in terms still in play.  For instance, the 5% minimum payment remains problematic for Chase, in that it is clearly coercive on a common sense basis, and lawsuits, including this one, do tend to point that out through formal statements relative to allegations. 

There can and still should be plenty of fight left in us all, because at this point, a retraction of the fee does nothing to make up for the sheer hell that Chase has inflicted upon innocent account holders.  Other posts have outlined areas of damage and demands that I have made, along with specific suggestions relative to punishment.  The whole idea is to make sure Chase, as well as other credit card issuers recognize that we are not going to tolerate these abuses any longer.

Maybe you are one of the persons who got a retraction letter.  If you decide to quit now, Chase will be back.  Or another card company will send you a “sweet little notice” that changes your life.  I encourage you to resist the temptation to rest on your laurels.  This is no time to back down from the rest of the demands we must continue to make.  Contact the class action attorneys and see if more lead plaintiffs for other states are still being sought (I’ll bet that they are), and step forward.  Small businesses need us; the economy will not recover if they do not recover.

I have to clarify, since it is April 1st, I think that the number “13” is a bad omen for Chase.  This isn’t a prank.  Here’s a link to the very real lawsuit, #13 (thanks Green Welling LLP!).