Chase Class Action Lawsuits 2026, Multiple Active Cases Target Credit Card Fees, Interest Rate Fixing, Data Breaches, And ERISA Violations
JPMorgan Chase faces at least seven separate class action lawsuits in early 2026, including allegations of fraudulent credit card membership charges, a 30-year conspiracy to fix interest rates with six other major banks, data breach failures, retirement plan violations, and First Republic Bank transition problems. No settlements have been reached in any of these cases as of February 2026, but millions of Chase customers and employees may eventually qualify for compensation.
What Chase Class Action Lawsuits Are Active In 2026?
Chase is defending multiple consumer protection and employee class actions filed between 2024 and early 2026. The lawsuits span different areas of the bank’s business, from credit cards to mortgage escrow accounts to employee benefits.
The most recent lawsuit filed January 2026 alleges Chase violated ERISA by imposing illegal tobacco surcharges on employee health insurance premiums. Filed in New York federal court as Carmichael v. JPMorgan Chase & Co. (Case No. 1:26-cv-00305), plaintiff Robyn Carmichael claims the bank unfairly targeted employees based on health status by charging punitive premiums for tobacco users.
Another major case filed October 2025 accuses Chase and six other banks—Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, and Truist Bank—of colluding to fix interest rates on consumer and small-business loans for over 30 years. Filed in Connecticut federal court as Normandin v. JPMorgan Chase (Case No. 3:25-cv-01749), plaintiffs Tracy Normandin and J. Allen Sensabaugh claim the conspiracy violated federal antitrust laws.
Credit Card Membership Charges Lawsuit
Plaintiff John Sacchi filed a class action in September 2025 in New York federal court (Case No. 1:25-cv-07632) alleging Chase fraudulently induced consumers to purchase credit card memberships by promising automatic credits for specified purchases but failing to deliver those credits.
According to the lawsuit, Chase has a pattern of similar fraudulent practices evidenced by previous consumer complaints and lawsuits. The complaint alleges violations of state and federal consumer protection laws. Sacchi seeks to represent anyone who charged purchases to a Chase credit card that should have been automatically credited under the bank’s promises but were not.
The lawsuit seeks class certification, damages, attorney fees, costs, and a jury trial. As of February 2026, Chase has not publicly responded to these allegations and no settlement has been announced.
The 30-Year Interest Rate Fixing Conspiracy
The October 2025 lawsuit alleges Chase and six other major banks conspired to fix, raise, and stabilize interest rates on consumer and small-business loans by agreeing on prime rates charged to their most creditworthy customers.
Plaintiffs claim the banks’ collusion was facilitated by the Federal Reserve’s 1994 decision to publish explicit targets for the federal funds rate, allowing banks to peg their prime rates to publicly available benchmarks. The lawsuit argues this conspiracy persisted despite regulatory reforms and digital transformation in banking.
The complaint seeks treble damages (triple the actual damages) for alleged overcharges, as permitted under federal antitrust law for per se violations. This case could potentially affect millions of Chase customers who took out loans over three decades.
Chase Data Breach October 2025
Chase reported a data breach in October 2025 involving missing documents containing personal information including names, addresses, and account numbers. A package with checks and transaction paperwork from around October 10, 2025 went missing during transit.
While Chase reported no confirmed misuse of the information, the bank offered guidance to affected individuals. Class action attorneys are investigating whether Chase failed to protect consumer data or delayed notifying victims, which could violate state and federal privacy laws.
Data breach settlements typically provide cash compensation, identity theft protection, or reimbursement for losses. Payouts in similar cases have ranged from hundreds to thousands of dollars per person depending on breach size and damages suffered.
Cash Sweep Program Lawsuit
In October 2024, a class action was filed claiming J.P. Morgan Securities shortchanged customers by “sweeping” uninvested cash balances into deposit accounts at affiliate Chase Bank and keeping the majority of compensation earned from those deposits for itself.
The lawsuit alleges J.P. Morgan Securities violated its contractual duties to put customers’ interests first by paying artificially low interest rates to consumers while retaining “vast majority” of rewards. The case seeks to represent anyone whose cash was subject to the bank deposit sweep program.
First Republic Bank Transition Lawsuit
Singleton Schreiber filed a class action on behalf of Keir Milan and Keirco Inc. against Chase for mishandling the transition of First Republic Bank accounts after Chase acquired the failed bank. The lawsuit alleges Chase falsely claimed there would be automatic transition of accounts and bill pay programs.
According to the complaint, the bill pay system operated differently than represented, resulting in lost interest, fees for low account balances, and unexpected bill payment schedules for former First Republic customers. The lawsuit alleges financial damages, false advertising, and violations of consumer protection laws.
Mortgage Escrow Interest Settlement
Chase previously reached a settlement over allegations it failed to pay interest on mortgage escrow accounts as required by state law in Connecticut, Maryland, Minnesota, New York, Rhode Island, and Wisconsin. The settlement covered mortgage holders who paid money to escrow accounts during various state-specific class periods. Final approval hearing occurred March 17, 2022, with automatic payments to class members.
This prior settlement demonstrates Chase’s history of escrow account litigation and establishes precedent for how similar financial disputes are resolved. Similar to other banking class actions like the Under Armour class action company failed to protect customer data in 343 GB breach and the Conduent data breach update 14.7 million victims in Texas alone 10 class actions filed free credit monitoring deadline March 31 2026, affected customers often receive compensation ranging from dozens to thousands of dollars depending on documented harm.
Who May Be Eligible For Chase Class Actions?
Eligibility varies by lawsuit. For the credit card membership charges case, anyone who made charges on a Chase credit card that should have been automatically credited under the bank’s promises may qualify.
For the interest rate fixing conspiracy, potentially any Chase customer who took out consumer or small-business loans over the past 30 years could be affected, though specific class definitions will be determined during litigation.
For the data breach, anyone who received notification that their information was in the missing October 2025 package may qualify. For the First Republic transition case, former First Republic Bank customers whose accounts were transferred to Chase may be eligible.
For the tobacco surcharge ERISA case, current and former Chase employees who paid tobacco surcharges on their health insurance premiums may qualify.
Current Status And Next Steps
None of these cases have reached settlement as of February 2026. Most are in early stages with defendants filing motions to dismiss or answering complaints. The interest rate fixing case and credit card charges case are proceeding in federal court with discovery likely beginning in 2026.
Class members typically don’t need to take action when lawsuits are initially filed. If cases result in settlements, affected individuals will receive notice with instructions for filing claims.
For the data breach, affected individuals should monitor credit reports, consider enrolling in credit monitoring if Chase offers it, and document any identity theft or fraud related to the breach.
Frequently Asked Questions
What Is The Chase Class Action Lawsuit About?
Multiple Chase class actions are active in 2026, including lawsuits over credit card membership charges, a 30-year conspiracy to fix interest rates with other major banks, data breach failures, ERISA violations for tobacco surcharges, and First Republic Bank account transition problems.
How Many Chase Customers Are Affected?
The number varies by lawsuit. The interest rate fixing conspiracy potentially affects millions of borrowers over 30 years. The credit card charges case could include hundreds of thousands of cardholders. The data breach affected an undisclosed number of customers whose documents went missing in October 2025.
Has Chase Settled Any Class Actions?
Chase previously settled a mortgage escrow interest case covering six states with final approval in March 2022. However, none of the current 2025-2026 lawsuits have reached settlements as of February 2026.
How Do I Know If I’m Affected By The Chase Class Actions?
Check if you received any legal notices by mail or email from Chase or settlement administrators. For the data breach, Chase sent notifications to affected individuals. For other cases, you may qualify if you had relevant Chase accounts or loans during specified time periods.
What Is The Deadline To File A Claim?
No claim deadlines exist yet because no settlements have been reached. When settlements occur, deadlines are typically 60-180 days after final approval. Class members will receive notice with specific instructions and deadlines.
How Much Compensation Could I Receive?
Compensation amounts are unknown because no settlements exist. Data breach settlements typically range from $20 to $5,000 depending on documented losses. Antitrust settlements can provide significant damages if plaintiffs prevail, potentially reaching triple the actual overcharges.
Can I Still Join The Chase Class Actions?
You typically don’t need to take action to join class actions when initially filed. If you fall within the class definition and don’t opt out, you’re automatically included. Consult a consumer protection attorney if you want to file an individual claim or learn about your rights.
Last Updated: February 8, 2026
Disclaimer: This article provides information about Chase class action lawsuits based on publicly available court filings and news reports. It is not legal advice. For specific questions about your eligibility or legal rights, consult a qualified attorney.
If you believe you were affected by any Chase practices described in these lawsuits, save all relevant documentation including account statements, credit card bills, loan documents, and communications from Chase.
Stay informed, stay protected. — AllAboutLawyer.com
About the Author
Sarah Klein, JD, is a licensed attorney and legal content strategist with over 12 years of experience across civil, criminal, family, and regulatory law. At All About Lawyer, she covers a wide range of legal topics — from high-profile lawsuits and courtroom stories to state traffic laws and everyday legal questions — all with a focus on accuracy, clarity, and public understanding.
Her writing blends real legal insight with plain-English explanations, helping readers stay informed and legally aware.
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