JURISDICTION
1. Comes Plaintiff Daniel Cobble to file this COMPLAINT against Defendant J.P. Morgan Chase Bank, N.A. (Chase Bank). This court has jurisdiction, because this matter regards deceptive banking transactions within Jefferson County, Kentucky between Cobble and Chase Bank; both are domiciled in Kentucky. Since Cobble seeks compensatory damages under $4000.00, this court has jurisdiction as matters of equity and law. -- Cobble demands a trial by jury.
2. Cobble well understands today’s climate of the Courts routinely denying the valid claims of average Americans when they are violated \ injured by governmental officials and corporate officers. Here, Cobble requests of the Court to allow Cobble’s right to due process of law and equity under Article III, § 2 of the U.S. Constitution, as well as Kentucky’s Constitution.
3. The public is aware of the overdraft scams of banks that are being suffered by many consumers. Cobble was recently scammed at Chase Bank, as this Complaint explains how banks are exploiting consumers for unwarranted overdraft fees, yet another predatory practice.
COMPLAINT
4. On October 28, ’09, Cobble filed a letter-of-complaint by verifiable mail with Chase Bank of which Cobble is an account holder, Checking Account #696180561. However, Chase Bank has not responded to that complaint which has prompted the instant Complaint.
4A. Chase Bank alleges that Cobble is overdrawn in his account by $256.00, with a total of eight overdrafts. On or about Nov. 1, ’09, Chase deducted $256.00 from Cobble’s checking account without responding to the 10-28-09 complaint, supra.
4B. Cobble has been managing his accounts at Chase Bank since 1997 (i.e., including prior to Chase Bank’s acquisition of BankOne) and has never had this problem. Cobble is experienced at managing his accounts. – Therefore, it can be shown how Chase Bank is conducting improper accounting practices that caused Cobble to become overdrawn.
5. For starters, the online activities record (activities record) for checking accounts are the only running official bank record available to customers for verifying balances and pending purchases. Thus, the record of pending balances should be current by reflecting the dates of purchases, as has always been with Cobble’s accounts. But this time, Cobble was prevented from verifying his actual balance, because Chase Bank withheld posting the pending purchases of Cobble’s “dates of purchase” until the day the money was actually taken from Cobble’s account, on Oct. 13, ’09. This caused a cascade of the eight overdrafts.
5A. In other words, Chase Bank avoided posting Cobble’s transactions as “pending” on the days of purchasing. These transactions were not entered into Cobble’s “online activities record” until they were actually paid by the bank, and thus leaving Cobble with a misleading record of his activities as he checked his balance from day-to-day.
5B. But to the contrary, banks are required to subtract and list transactions as pending at the time / point of purchases.
6. Historically, when tracking his transactions, whenever Cobble would make a purchase and go home or to an ATM that same day to check his balance, those transactions would be posted as “pending” in his activities record, subtracted from his balance (as pending balance) on the same dates of purchase. – In the bank’s activities record, if the date the purchase is the same as the paid date (deducted from the account), then there are no actual “pending items.” This practice is misleading to customers, as they cannot accurately verify their balances against the activities record when purchases are not listed and subtracted at the time of purchases.
To wit,
6A. Cobble’s $15.74 Zone Ave. BP purchase occurred on 10-9-09, but was never entered as actually pending or subtracted from the available balance for that day, but was improperly entered on 10-13-09 and paid by Chase Bank on 10-13-09.
6B. Cobble’s $14.82 Kroger purchase occurred on 10-10-09, but was never entered as actually pending or subtracted from the available balance for that day, but was improperly entered on 10-13-09 and paid by Chase Bank on 10-13-09.
6C. Cobble’s $16.92 AppleOnline purchase occurred on 10-10-09, but was never entered as actually pending or subtracted from the available balance for that day, , but was improperly entered on 10-13-09 and paid by Chase Bank on 10-13-09.
6D. Cobble’s $37.66 Viet Hoa Food purchase occurred on 10-11-09, but was never entered as actually pending or subtracted from the available balance for that day, but was improperly entered on 10-13-09 and paid by Chase Bank on 10-13-09.
6E. Cobble’s $27.63 Aldi #39 purchase occurred on 10-11-09, but was never entered as actually pending or subtracted from the available balance for that day, but was improperly entered on 10-13-09 and paid by Chase Bank on 10-13-09.