U.S. Court of Appeals for the 9th Circuit
May 21, 2009
Chase Loses Credit Card Case at 9th Circuit
For the second time in two months, a 9th U.S. Circuit Court of Appeals panel ruled Tuesday that banking giant JP Morgan Chase & Co. had illegally raised credit card interest rates.
Daily Journal Staff Writer SAN FRANCISCO - For the second time in two months, a 9th U.S. Circuit Court of Appeals panel ruled Tuesday that banking giant JP Morgan Chase & Co. illegally raised credit card interest rates. The latest 9th Circuit ruling, in favor of credit card holders in a class action from Oregon, came as the same day the U.S. Senate voted to tighten rules on how credit cards issuers raise interest rates and info...
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