UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK

A federal court authorized this notice. This is not a solicitation from a lawyer.

A settlement has been reached in a class action lawsuit pending in the United States District Court for the Southern District of New York entitled Tucker v. Chase Bank USA, N.A., Case No. 1:18-cv-03155-KPF (the “Action”). In the Action, three persons who have credit cards issued by JPMorgan Chase Bank, N.A., f/k/a Chase Bank USA, N.A. (“Chase”) allege that cash advance fees and cash advance interest charges assessed by Chase in connection with cryptocurrency purchases made using Chase credit cards violated the Truth in Lending Act and breached the applicable cardholder agreements. The lawsuit contends that such cryptocurrency transactions are not “cash-like transactions” under the credit card contract and, thus, the cash-advance fees and interest were improper. Chase disputes that contention and denies that it engaged in any wrongdoing. The Court has not decided which side is right. The Court has tentatively approved the proposed settlement agreement (available under the Case Documents tab of this website) to which the parties have agreed (the “Settlement”).

Current and former holders of Chase credit cards who, from April 10, 2015 through May 22, 2020, were assessed cash advance fees and/or cash advance interest charges for cryptocurrency transactions made using their Chase credit card(s), may be eligible to receive a check.

Read the notice carefully. The notice advises you of the benefits that may be available to you under the proposed Settlement and your rights and options as a Settlement Class Member.

SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

DO NOTHING AND
RECEIVE A CHECK

If you are are entitled under the Settlement to a check, you do not have to do anything to receive it. If the Court approves the Settlement and it becomes final and effective, and you remain in the Settlement Class, a check will be mailed to the address you maintain with Chase and you will give up your right to bring your own lawsuit against Chase about claims related to cash advance fees or cash advance interest charges assessed by Chase on your Chase credit card(s) for cryptocurrency transactions from April 10, 2015 through May 22, 2020. Please click on the Address Update tab of this website to confirm your mailing address for delivery of your check.

EXCLUDE YOURSELF FROM THE SETTLEMENT

Receive no benefits from the Settlement. This is the only option that allows you to retain your right to bring another lawsuit against Chase about claims related to cash advance fees or cash advance interest charges assessed by Chase on your Chase credit card(s) for cryptocurrency transactions from April 10, 2015 through May 22, 2020.

OBJECT 

Write to the Court if you wish to object to the Settlement.

GO TO A HEARING

Ask to speak in court about the fairness of the Settlement. You may speak at a hearing about the fairness of the Settlement if you submit an objection that complies with the requirements in Question 16 (Frequently Asked Questions) and a letter saying that you intend to appear and wish to be heard that complies with the requirements in Question 20 (Frequenly Asked Questions).

These rights and options—and the deadlines to exercise them—are explained in the notice.

The Court still has to decide whether to approve the Settlement. If it does, and any appeals are resolved, benefits will be distributed to members of the Settlement Class.