Shaner v. Chase Bank USA, No. 09-1157

By FindLaw Staff on November 25, 2009 | Last updated on March 21, 2019

Dismissal of a class action relating to interest rate charges on late bank credit card payments is affirmed where: 1) plaintiff's transactions took place prior to August 2009 when the statutory changes and the revised regulations took effect; and 2) the increased APR is not an illegal penalty

Read Shaner v. Chase Bank USA, No. 09-1157

Appellate Information

Appeal from the United States District Court for the District of Massachusetts

Decided November 25, 2009

Judges

Before: Torruella, Boudin and Dyk, Circuit Judges

Opinion by Boudin, Circuit Judge

Counsel

For Appellant: Barry L. Kramer, Law Offices of Barry L. Kramer, David Pastor and Gilman and Pastor LLP

For Appellee: Robert S. Stern, Nancy R. Thomas and Morrison & Foerster LLP