Saturday, May 31, 2014

Talbots Credit Card Class Action Settlement

People who opened a Talbots branded credit card account and first used said account during the time period of June 18, 2012 to February 25, 2013 can get $3.70 check from the Talbots Credit Card Class Action Settlement.

Talbots and Talbots Classics National Bank have agreed to pay $595,000 to settle a class action lawsuit alleging that these companies violated Truth in Lending Act (TILA). All the customers who opened a Talbots branded credit card account and first used said account between June 18, 2012 and February 25, 2013 will get about $3.70 as compensation from the Talbots Credit Card Class Action Settlement. Talbots and Talbots Classics National Bank deny any misconduct but ready to pay compensation for avoiding expense of lawsuit.
Talbots Credit Card Class Action Settlement
A class action lawsuit was filed against Talbots Classics National Bank and Talbots (Defendants) on February 19, 2013. Plaintiffs claimed that Defendants violated the TILA (Truth in Lending Act) by not including certain disclosures in their account-opening materials given to holders of Talbots branded credit card accounts.

Class members will get a postcard notice about the Settlement. Members who receive this postcard notice will get a check for about $3.70 without filing any claim. The final Hearing is going to take place on May 21, 2014.

Highlights of Talbots Credit Card Class Action Settlement

Official Website: classaction.kccllc.net
Potential Award: $3.70
Claim Form: No claim form is necessary. Awards will be distributed to eligible Class Members on the basis of Talbots’ records.
Final Hearing: May 21, 2014

Claims Administrator
Kurtzman Carson Consultants LLC
1-855-382-8067

Class Counsel
Brian L. Bromberg
BROMBERG LAW OFFICE
Harley J. Schnall
LAW OFFICE OF HARLEY J. SCHNALL

Defense Counsel
Jonathan W. Miller
Matthew L. DiRisio
WINSTON & STRAWN LLP

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