$34 Million Chase Bank Settlement Shows TCPA Risk

A $34 million settlement of class claims that JPMorgan Chase Bank violated the Telephone Consumer Protection Act gained final court approval in a March 2 order that paints a stark picture of the risk posed to banks sued under the statute (Gehrich v. Chase Bank USA N.A., N.D. Ill., 12-cv-05510, final approval of settlement 3/2/16).

The order written by Judge Gary S. Feinerman of the U.S. District Court for the Northern District of Illinois resolves claims by a 32-million member class that said the bank placed automated calls and sent automated alerts regarding account updates or debt collection ...