Darryl Haynes appeals pro se the district court's grant of summary judgment in favor of JPMorgan Chase Bank, N.A. ("Chase") on Haynes's action for declaratory and injunctive relief to stay foreclosure of his property.
Full Answer
Why did Chase Bank settle a class action?
Chase Bank USA is putting up $11.5 million to settle a class action alleging that it did not update its reports to credit agencies when accounts sold to debt buyers were discharged in Chapter 7 bankruptcy proceedings. The complaint claims that the account holders’ credit reports continued to reflect that the debts were sold or charged off, negatively affecting their ability to get credit.
What are the three types of payments that can be made to Chase?
Three kinds of payments may be made: (1) Distribution claims, for those whose credit reports did not reflect the discharge of their debt, (2) Reimbursement claims, for those who made post-discharge payments to third parties, and (3) Reimbursement claims, for those who made post-discharge payments to Chase. Class members who want either or both of the first two kinds of payments must file claim forms. No claim form is necessary for the third kind of payment.