JPMorgan Chase Bank NA has agreed to pay $10.2 million to settle a class action lawsuit accusing its automotive loan department of violating the Telephone Consumer Protection Act (TCPA). It was alleged that by placing robocalls to more than 2 million customers’ cellphones without consent, the act was violated. The settlement agreement stipulates that Chase will pay $10.2 million into a non-reversionary settlement fund. About 2.2 million class members can expect to receive approximately $45 to $55 each from the fund.
The class includes about 33.8 million customers from across the country, nearly 14 million of whom received calls or texts providing alerts about their accounts and almost 20 million who received automated phone calls attempting to collect on a debt, with both subclasses covering an approximately five-year period. The case is in the U.S. District Court for the Northern District of Illinois.
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