Chase Bank Admits to Stealing From US Military Families

Chase Bank Military Class Action Lawsuit

This is how they repay our Military

You read that right. I wish the headline was an exaggeration. Unfortunately, the reality is far worse than what can be conveyed in one simply headline.

Chase Bank had been systematically overcharging US Military families on their mortgage payments for quite some time.

As if stealing from the men and women that put their lives on the line every day for every one of us isn’t bad enough, they took it one step further. They illegally foreclosed on the homes of military personnel – kicking them out of their homes.


Let that sink in for a minute. They had to be sued by members of our US Military before Chase Bank agreed to give back some of what they stole. In total, Chase agreed to pay a little over $60 million dollars to settle the lawsuit.

Here are some of the things that Chase Bank has already admitted to:

  • Violating the Federal Service Members Civil Relief Act. That law was enacted in 1942 to shield deployed military personnel from financial stress.
  • Overcharging roughly 6,000 active-duty military personnel on their mortgages.
  • Foreclosing on military personnel illegally and forcing them out on to the streets.
  • Chase has already had to return some of the homes they took illegally.
  • Chase has had to agree to pay back millions of dollars that they stole from US Military families.

If you want to read more about the settlement, you can do a search for: Rowles v. Chase Home Finance LLC, 10-1756-MBS, U.S. District Court, District of South Carolina (Beaufort Division)

You can read a copy of the Class Action lawsuit that had to be brought against Chase Bank to force them to give back what they stole from our brave men and women. If this upsets you as much as it upsets me – link to this article, send it to friends and families, share it on Facebook etc. to let whoever will listen know what a despicable bank this is. Feel free to comment below

9 Comments

  • If you, or someone you know has been affected by these illegal policies by Chase Bank, come in to the forum and let us know – http://www.chase-sucks.com/forum/. You may find the answers you’re looking for already in there, or just post your questions/concerns and somebody will try to point you in the right direction.

    Hundreds of people come to this site every day looking for help dealing with Chase Bank and their unethical practices. Many of them find the help they need on this site. Post your story/questions in the forum – your anonymity is guaranteed.

  • Read the July 28 WoodlandRecord[dot]com article “Chase Bank breaks ground for monument to deception.”

    This is a followup to another Feb. 12, 2011, article called “Chase Bank caps off months of deception with no deal for State Theatre group.” There is a link to this story at the end of yesterday’s story.

  • My daughter is not in the military but now I understand why it is easy for them to do to her what they have done. She was 2 months behind on her car, one that she has paid over $20,000 on and has about 14 payments left. They repossessed it, and now tell her she has to pay the balance in full to get her car back. I thought that was bad, but their practices all around are despicable.

  • The depth of Chase hypocrisy knows no end, go into a branch they will have large banners proclaiming their special accounts for the military. What a crock.
    If you work for, have accounts with or have loans with Chase, you will be screwed I guarantee it

  • I’ve recevied several advertisements via regular mail offering $100 cash when opening a savings/checkings account with Chase. After reading the fine print I states $100 of this money will be sent to IRS as interest. This is very deceptive practice. I’m sure there are many more that this bank uses to swindle its money from hard working Americans.

  • please follow this link and comment against Jeff Korkhan’s “Pro-Chase” article.

    http://www.jeffkorhan.com/2011/05/why-im-a-fan-of-chase-bank.html

  • Really steve? How long have you lived in the United States? Do you not know that any income has to be reported to the IRS, especially if it is being issued by a bank?? That isn’t deceptive, it’s mandatory. Your beef is with the IRS, not the bank.

  • I just looked up your IP address Steve-O – seems you’re logging on through “JPMorgan Chase”, was wondering why your comments were so pro-Chase. Here, have a look at what your IP address returns: http://whatismyipaddress.com/ip/159.53.46.147.

  • Look closer into wells Fargo bank of america” and wells. The lawsuits on. The web. An estimated 50,000 acts of fraud were done against our troops. How the heck can these 3 banks say it was inadvertent 50,000 times against people they knew were fighting a war…..pathetic honest display of who these people really are. Kinda like the Great host that puts the biggest and best steak at the bottom of the plate, posing to be served last, then punches his son because Jr. Didn’t know he just ate daddy’s steak. These people to this day, fawn troop appreciation to the masses, while they committed acts of fraud otherwise known as Stealing” While they sat in their glass towers filling their wallets with stolen $$$$$$$$$$$ because Billions in profit, just wasn’t enough. Pathetic you all are.

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