Consumers Bring Suit Against Chase for Deceptively Requiring Excessive Flood Insurance Coverage

6/29/2010

NEW YORK, NY - On June 17, 2010, Plaintiff Lloyd Warren III filed a class action lawsuit against Chase Home Finance, LLC and JPMorgan Chase Bank NA, in the U.S. District Court in the Southern District of New York, alleging that Chase deceptively required him and other similarly situated consumers to purchase and maintain flood insurance coverage in amounts greater than required by law or necessary to cover their loan balance. Click here to read the entire press release.