Ninth Circuit rejects challenge to credit card penalty fees | Business Information & News | Westlaw

Ninth Circuit rejects challenge to credit card penalty fees | Business Information & News | Westlaw

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1/23/14 REUTERS LEGAL 11:00:00
REUTERS LEGAL
Copyright © 2014 Thomson Reuters
January 23, 2014
Ninth Circuit rejects challenge to credit card penalty fees
Dena Aubin
(Reuters) - In a case that contrasts U.S. banks' legal protections with those of consumers, a federal appeals court has ruled that major banks did not violate consumers' due process rights by charging them allegedly excessive fees for late credit...
---- Index References ----
Company: JPMORGAN CHASE AND CO; CAPITAL ONE FINANCIAL CORP; WILMER CUTLER PICKERING HALE AND DORR LLP; CITIGROUP INC; HSBC NORTH AMERICA HOLDINGS INC; WMI HOLDINGS CORP; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO; WELLS FARGO AND CO; BANK OF AMERICA CORP
News Subject: (Legal (1LE33); Liability (1LI55); Judicial Cases & Rulings (1JU36))
Industry: (Credit, Debit & Value Cards (1CR28); Financial Services (1FI37); Retail Banking Services (1RE38); Banking (1BA20))
Region: (Americas (1AM92); USA (1US73); U.S. West Region (1WE46); North America (1NO39); California (1CA98))
Language: EN
Other Indexing: (Dorothy Nelson; Christopher Lipsett; Seana Shiffrin; Noah Levine; Cutler Pickering Hale; Rebecca Gelfond; Stephen Reinhardt; Tyler Meade; Michael Schrag)
Keywords: banking (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OVR)
Word Count: 769
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