Claim online for Bank of America Credit Card Late Fee Settlement at CreditCardLateFeeSettlement.com hassle free.
We've always known the banking business isn't about money…actually it's about trust. But things are different in case of Bank of America, wherein it alleged for charging improper late frees to credit card customers who made on-time payments. Actually, Bank of America NA (USA) and its successor-in-interest, FIA Card Services NA failed to apply same-day credit to payments made on Bank of America consumer credit card accounts. Bank of America and FIA Card Services refuse the allegations, but ready to settle the class action lawsuit to avoid the burden, cost, risk and uncertainty of ongoing lawsuit. The settlement was preliminarily approved in May by Florida federal judge. If you are affected, you can claim online at CreditCardLateFeeSettlement.com along with all necessary information about how to claim online, downloadable forms, important dates, etc. at one single place.
This is not the first time that Bank of America has been accused of charging improper credit card late fees, multiple class action lawsuits have been tossed around the courts ever since 2006, and consolidated in 2009.
The Bank of America Credit Card late fee settlement will resolve an amended class action lawsuit complaint that was filed in 2009. Herein, Bank of America consumer credit card holders have already made a payment to the account still they were assessed for a late payment fee in connection with that payment. The class action lawsuit alleged Bank of America violated its contract to cardholders and engaged in misleading, unfair and deceptive trade practices.
At first, the plaintiffs brought claims for breach of contract, breach of the duty of good faith and fair dealing, violation of the Truth in Lending Act, and unconscionability of BofA's credit card agreements — however later fixed as the dismissal of the unconscionability claim without prejudice.
Who’s eligible?
All those current or former credit card holders,
(1) who had a Consumer Credit Card account with Bank of America, N.A. (USA),
(2) made a Qualifying Payment in connection with that account (i) in person at a Bank of America Banking center; (ii) by phone using Bank of America’s pay-by-phone service; or (iii) electronically using Bank of America’s online banking services, and
(3) who incurred a late payment fee, finance charge, or other fees, penalties or charges, in connection with the timing of such payment that was not waived or refunded.”
Potential Award: Up to $200.
Class Members who submit a valid Claim Form will get a distribution of $40 for each Qualifying Payment they made, up to the maximum of 5 Qualifying Payments (a payment that was equal to or in excess of the minimum payment due for the billing cycle in which it was made, also made before the designated “payment due date.”). But, the actual amount each Class Member will get may be reduced if the numbers of eligible claims go above the amount available in the Settlement Fund.
Proof of Purchase: N/A
Case Name: Heydee De Leon, et al. v. Bank of America NA (USA), 6:09-cv-01251-JA-KRS, in the U.S. District Court for the Middle District of Florida, Orlando Division
Settlement Website: www.CreditCardLateFeeSettlement.com
Claim Form:Claim Form Online
Claim Form Deadline: 1/8/2015
Final Hearing: 12/11/2014
Claims Administrator:
Settlement Administrator
P.O. Box 8007
Faribault, MN 55021-9407
1-800-473-1211
Class Counsel:
John Yanchunis
MORGAN & MORGAN PA
Defense Counsel: N/A
We've always known the banking business isn't about money…actually it's about trust. But things are different in case of Bank of America, wherein it alleged for charging improper late frees to credit card customers who made on-time payments. Actually, Bank of America NA (USA) and its successor-in-interest, FIA Card Services NA failed to apply same-day credit to payments made on Bank of America consumer credit card accounts. Bank of America and FIA Card Services refuse the allegations, but ready to settle the class action lawsuit to avoid the burden, cost, risk and uncertainty of ongoing lawsuit. The settlement was preliminarily approved in May by Florida federal judge. If you are affected, you can claim online at CreditCardLateFeeSettlement.com along with all necessary information about how to claim online, downloadable forms, important dates, etc. at one single place.
The Bank of America Credit Card late fee settlement will resolve an amended class action lawsuit complaint that was filed in 2009. Herein, Bank of America consumer credit card holders have already made a payment to the account still they were assessed for a late payment fee in connection with that payment. The class action lawsuit alleged Bank of America violated its contract to cardholders and engaged in misleading, unfair and deceptive trade practices.
At first, the plaintiffs brought claims for breach of contract, breach of the duty of good faith and fair dealing, violation of the Truth in Lending Act, and unconscionability of BofA's credit card agreements — however later fixed as the dismissal of the unconscionability claim without prejudice.
Who’s eligible?
All those current or former credit card holders,
(1) who had a Consumer Credit Card account with Bank of America, N.A. (USA),
(2) made a Qualifying Payment in connection with that account (i) in person at a Bank of America Banking center; (ii) by phone using Bank of America’s pay-by-phone service; or (iii) electronically using Bank of America’s online banking services, and
(3) who incurred a late payment fee, finance charge, or other fees, penalties or charges, in connection with the timing of such payment that was not waived or refunded.”
Potential Award: Up to $200.
Class Members who submit a valid Claim Form will get a distribution of $40 for each Qualifying Payment they made, up to the maximum of 5 Qualifying Payments (a payment that was equal to or in excess of the minimum payment due for the billing cycle in which it was made, also made before the designated “payment due date.”). But, the actual amount each Class Member will get may be reduced if the numbers of eligible claims go above the amount available in the Settlement Fund.
Proof of Purchase: N/A
Case Name: Heydee De Leon, et al. v. Bank of America NA (USA), 6:09-cv-01251-JA-KRS, in the U.S. District Court for the Middle District of Florida, Orlando Division
Settlement Website: www.CreditCardLateFeeSettlement.com
Claim Form:Claim Form Online
Claim Form Deadline: 1/8/2015
Final Hearing: 12/11/2014
Claims Administrator:
Settlement Administrator
P.O. Box 8007
Faribault, MN 55021-9407
1-800-473-1211
Class Counsel:
John Yanchunis
MORGAN & MORGAN PA
Defense Counsel: N/A
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