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ECOA Violations

JP Morgan Chase Building

Plaintiff David Denton researched credit products so he could consolidate his debts at favorable terms, the complaint for this class action says, and he eventually settled on a credit card offered via a pre-screened solicitation by JP Morgan Chase with favorable balance transfer terms. He obtained the card, but when he actually tried to make the transfers, the company refused to grant him the original terms. The complaint claims that, in the letter telling him why, Chase violated both the federal Equal Opportunity Credit Act (ECOA) and the Virginia version of the same law (VECOA).