Kevin Keen v. Jpmorgan Chase Bank

699 F. App'x 683

Opinion

MEMORANDUM **

1. The Truth in Lending Act (“TILA”) protects a concrete interest in receiving accurate credit information. See 15 U.S.C. § 1601(a); Fed. Election Comm’n v. Akins, 524 U.S. 11, 21, 118 S.Ct. 1777, 141 L.Ed.2d 10 (1998); Havens Realty Corp. v. Coleman, 455 U.S. 363, 373-74, 102 S.Ct. 1114, 71 L.Ed.2d 214 (1982). At the pleading stage, plaintiffs’ allegation that Chase violated TILA by understating a finance charge satisfies the Article III injury-in-fact requirement. See Van Patten v. Vertical Fitness Grp., LLC, 847 F.3d 1037, 1043 (9th Cir. 2017). So plaintiffs have standing. The case isn’t moot because the availability of statutory damages preserves a live controversy. Ho v. ReconTrust Co., NA, 858 F.3d 568, 571 n.1 (9th Cir. 2016).

2. A district court may dismiss for failure to state a claim “where [a] complaint lacks a cognizable legal theory or sufficient facts to support a cognizable legal theory.” Mendiondo v. Centinela Hosp. Med. Ctr., 521 F.3d 1097, 1104 (9th Cir. 2008). The note and deed of trust for plaintiffs’ mortgage establish that neither Chase nor a subsequent debt holder could charge 365/360 interest. See Fletcher v. Sec. Pac. Nat’l Bank, 23 Cal.3d 442, 153 Cal.Rptr. 28, 591 P.2d 51, 55 (1979); Chern v. Bank of Am., 15 Cal.3d 866, 127 Cal.Rptr. 110, 544 P.2d 1310, 1314 (1976). Because Chase disclosed an accurate finance charge, the district court didn’t err by dismissing this case.

3. We grant the Consumer Financial Protection Bureau’s motion for leave to file a brief as amicus curiae and the parties’ unopposed motions to file supplemental briefs in response to the Consumer Financial Protection Bureau. We deny all remaining motions as moot.

AFFIRMED.

** This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3.