Chase settles Freedom card payment protection scheme case
I knew Chase was bad, but this is BAD. Chase recently settled a class-action lawsuit related to the payment protection plan for its Chase Freedom Card. Apparently it automatically enrolled people in this plan that came with a monthly charge, and then made it nearly impossible to get the benefits.
… the lawsuit alleges that Chase unilaterally enrolled cardholders in Payment Protection Products that suspend or cancel the balance due on the credit card under certain circumstances without adequately disclosing the terms of these products prior to enrolling a customer. The lawsuit further alleges that it was too difficult to obtain Payment Protection benefits for eligible claims, it was too difficult to disenroll from Payment Protection Products, and that those Products were improperly marketed and sold.
Bad bad Chase, Lawsuits | admin November 20, 2011
