U.S. Supreme Court
Jan. 26, 2011
High Court Reversals Continue Trend
In one of several reversals of the 9th U.S. Circuit Court of Appeals, the U.S. Supreme Court found Monday that Chase Bank USA was not required to notify customers before hiking interest rates.
Daily Journal Staff Writer
WASHINGTON - In a reversal of the 9th U.S. Circuit Court of Appeals, the U.S. Supreme Court found Monday that Chase Bank USA was not required to notify customers before hiking interest rates on its credit cards.
Although the unanimous opinion focuses on a regulation Congress subsequently changed to mandate notification, the ruling derails a class action against Chase, a subsidiary of JPMorgan Chase...
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