In Re JPMorgan Chase Bank Home Equity Line of Credit Litigation

MEMORANDUM OPINION AND ORDER

REBECCA R. PALLMEYER, District Judge.

A home equity line of credit (“HELQC”) is a revolving line of credit secured by a holder’s primary residence. In this class action, eight individuals to whom Defendant had extended HELOCs charge Defendant with having reduced or suspended those HELOCs without a permissible reason for doing so, thus violating the Federal Truth-in-Lending Act, 15 U.S.C. § 1601 et seq., and its implementing regulation, Regulation Z, 12 C.F.R. 226. Plaintiffs also allege that Defendant’s suspension or reduction of their HELOCs, and the manner in…