SupercitedVerified Matter
Class Action Settlement Against Chase Bank Over Credit Denial Notices-Gallo
$244,659 in settlement class consideration plus five-year injunctive relief
Jeffrey Chen brought a class action against Chase Bank USA alleging that its credit-card denial notices violated the Equal Credit Opportunity Act by failing to provide sufficiently specific reasons for adverse action. After the court allowed the ECOA claim to proceed, the parties reached a class settlement providing $244,659 in class consideration and five years of injunctive relief restricting Chase’s use of the challenged denial language.
Result
- Outcome
- Settlement
- Value
- $244,659
- Short result
- $244,659 in settlement class consideration plus five-year injunctive relief
- Remedy
- Monetary settlement; Injunctive relief
- Year
- 2020
- Published
- 2026-09-02
- Updated
- 2026-09-10
Supporting sources
- GovInfo PDF — Final Approval of Class Action Settlement, June 23, 2020 · Court filing
- Leagle — Chen v. Chase Bank USA, N.A., 393 F. Supp. 3d 850 · Court filing
- Docket / attorney confirmation · Firm-confirmed information
- Chase Class Action Lawsuit / Chen v. Chase · Court opinion
- Equal Credit Opportunity Act · 15 U.S.C. § 1691 et seq. · Statute / rule
- Equal Credit Opportunity Act § 1691(d) · 15 U.S.C. § 1691(d) · Statute / rule
- Regulation B · 12 C.F.R. § 1002.9(b)(2) · Statute / rule
- Federal Rule of Civil Procedure 23 · Fed. R. Civ. P. 23 · Statute / rule