JPMorgan Chase has agreed to pay $US100 million ($A98.10 million) to settle a lawsuit by customers who claim the largest US bank improperly increased minimum payments on their credit card bills.
The proposed settlement would end a three-year-old case against Chase for raising the cardholders' minimum payment to five per cent of account balances from two per cent in 2008 and 2009.
Cardholders claim Chase did it to make extra money on fees it charged to people who couldn't meet higher payments.
The settlement was disclosed in a filing on Monday with the US District Court in San Francisco.
In the court document, Chase argued that increasing the monthly payments was a reasonable and sensible response to unprecedented economic turmoil and impending regulatory changes.
JPMorgan Chase & Co didn't respond to request for comment on Tuesday.
A judge plans to review the settlement in August.