JPMorgan Chase sued in class action for unlawful debt collection

Posted on: February 11th, 2013 by Steve Larson

FeeJPMorgan Chase and law firm Bickerstaff Heath Delgado & Acosta LLP are defendants in a class action lawsuit that was filed in the U.S. District Court for the Southern District of New York.  The lawsuit accuses Chase of colluding with collection agencies and law firms to collect debts in excess of what consumers owed, debts already paid or for purely fictitious debts, and claims that the scheme allegedly enabled Chase and its co-conspirators to illegally collect hundreds of million of dollars from consumers. 

The action seeks restitution, interest and treble damages for violations of the Fair Debt Collection Practices Act, Fair Credit Reporting Act and Racketeer Influenced and Corrupt Organizations Act.