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TLPJ Files National Credit Cardholder
Class Action Against Chevy Chase Bank
Trial Lawyers for Public Justice (TLPJ)
has filed a national class action lawsuit against Chevy Chase Bank
charging that the bank breached its contracts with cardholders by
raising their interest rates in excess of a promised 24 percent
ceiling. After years of promising in its agreement that "your
annual percentage rate will never exceed 24 percent," the bank
tried to amend the agreement without the legally required notice --
and then began charging up to 27 percent.
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