The JPMorgan Chase & Co. headquarters on Park Avenue in New York City. Photo: Katherine Welles/Adobe Stock JPMorgan Chase Subject of Class Action Suit for Allegedly Garnishing Wages
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February 23, 2024 at 06:48 PM
4 minute read
Litigation
What You Need to Know
- A class action complaint against JPMorgan Chase Co. alleges it violated the Consumer Financial Protection Act after processing a garnishment notice for out-of-state residents.
- The filing resulted after Chase placed a hold on three accounts owned by an Alabama couple, which included two personal and one business account.
- The plaintiffs claim Chase kept the account frozen for over six months while they attempted to find a legal remedy.
A consumer class action complaint filed in Washington federal court Thursday accuses JPMorgan Chase & Co. of processing garnishment notices for out-of-state bank accounts in violation of the Consumer Financial Protection Act and certain states' garnishment laws.
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