Mealey's Litigation Procedure - Federal Judge Sends Overdraft Fees Suit To Arbitration

Mealey's Litigation Procedure - Federal Judge Sends Overdraft Fees Suit To Arbitration

NEW YORK - A federal judge in New York on Jan. 30 sent to arbitration a putative class action alleging that JPMorgan Chase Bank & Co.(JPMC) and its holding company Chase Bank USA N.A. (CBUSA) (collectively, Chase) breached certain agreements by enrolling customers in overdraft-protection services and charging them unauthorized fees, finding that a related settlement does not preclude arbitration and that the plaintiff agreed to arbitrate her claims against the defendants (Laurie Scott v. JPMorgan Chase & Co., et al., No. 13-0646, S.D. N.Y.; 2014 U.S. Dist. LEXIS 11691).

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