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McShannock v. JP Morgan Chase Bank N.A.
Case Number:
3:18-cv-01873
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Court:
Nature of Suit:
Contract: Recovery/Enforcement
Multi Party Litigation:
Class Action
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February 28, 2019
Chase Gets Quick Trip To 9th Circ. In Escrow Class Row
A San Francisco federal judge on Wednesday gave JPMorgan Chase Bank NA the go-head to seek the Ninth Circuit's opinion on whether a Depression-era federal law preempts a California mortgage escrow interest law that the bank has been accused of violating in a proposed class action.
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December 07, 2018
Thrift Preemption No Help For Chase In Calif. Suit: Judge
A San Francisco federal judge ruled Friday that Chase must face a proposed class action over its alleged failure to comply with a California mortgage escrow interest law, finding the preemption once enjoyed by the failed federal thrift originator of the plaintiffs' mortgages doesn't cover Chase's subsequent handling of the loans.