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@Anonymous wrote:
I am happy to see class action in place, we'll just have to sit tight and wait for outcome. How long you would think it'll take to see some results/actions taken?
Class action lawsuits are NOT brought on behalf of the public, they are brought to line the pockets of the legal profession. I've lost count of the number of Class Action notifications I've received over the years; medication, banking, cars, mortgage, etc, etc The amount of money I've received wouldn't cover the cost of a Happy Meal, and no detectable change in behaviour. Don't count on Class Action lawsuits to change anything.
@Watchmann wrote:
@Anonymous wrote:
I am happy to see class action in place, we'll just have to sit tight and wait for outcome. How long you would think it'll take to see some results/actions taken?
Class action lawsuits are NOT brought on behalf of the public, they are brought to line the pockets of the legal profession. I've lost count of the number of Class Action notifications I've received over the years; medication, banking, cars, mortgage, etc, etc The amount of money I've received wouldn't cover the cost of a Happy Meal, and no detectable change in behaviour. Don't count on Class Action lawsuits to change anything.
+1
Well, it was better for me: Gap lost some class action and sent a $20 certificate. I don't even know if I deserved it
Another lawsuit in Jan this year made Macy's to give away some $25 gifts. And I remember a few more where I got some coupons or other random trifle. Don't take me wrong, I do not expect to become a millionaire out of it, but at least Chase will get its nose punched, and if we get this stupid $10 fee back, I'll be happy.
Good news! (I guess the various class-action lawsuits had an effect.)
No more $10 monthly maintenance fee and refund of fees charged earlier this year. However, 5% minimum payment is not affected.
Try not to gag at the self-serving tone of the quotes from Chase ...
http://www.creditmattersblog.com/2009/03/jpmorgan-chase-to-refund-account-fees.html
http://online.wsj.com/article/BT-CO-20090327-711942.html