Shaner v. Chase Bank USA, No. 09-1157 - Contract Law - U.S. First Circuit
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Shaner v. Chase Bank USA, No. 09-1157

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