She says that she incurred a debt that then went into arrears, at which point Patenaud & Felix sent out a debt collection letter.
Class Members who had already received a refund of fees at the time of check disbursement were not entitled to receive additional refunds. Lieff Cabraser served as Co-Lead Counsel for a certified national Settlement Class of Providian credit cardholders who alleged that Providian had engaged in widespread misconduct by charging cardholders unlawful, excessive interest and late charges, and by promoting and selling to cardholders “add-on products” promising illusory benefits and services.In November 2001, the Court granted final approval to a $105 million settlement of the case, which also required Providian to implement substantial changes in its business practices. Among other things, Plaintiffs alleged that Providian violated consumer protection and other laws in connection with the marketing and sale of Providian’s add-on products, including Credit Protection, PricePro, Drive Pro, HealthPro, and credit line increases.The settlement was reached following almost two years of litigation and nine months of mediation. Class action suits. In most class actions, the class should not expect to receive all monies lost in the form of damages, but rather a percentage of the monies lost.
Mr. Elias reportedly said that since last year, Providian has examined its marketing procedures and has taken substantial steps to boost customer satisfaction. Beginning in mid-1999, a number of class-action suits were filed against the company regarding aggressive sales tactics for various "credit protection" services being sold to Providian credit card … We have affiliations in specific cases with attorneys licensed to practice in almost every state court in the U.S. We also are affiliated with Copyright © 2020 Lieff Cabraser Heimann & Bernstein, LLPPlease sign me up for your Consumer Law newsletter.Please sign me up for your Consumer Law newsletter. The $105 million settlement, combined with an earlier settlement by Providian with Federal and state agencies, represents the largest settlement ever by a U.S. credit card company in a consumer protection case. The Target credit card debt collection class action lawsuit was filed by Amanda Acosta, a San Diego resident. ; Girard Lee & Gibbs, LLP; Lieff, Cabraser, Heimann & Bernstein, LLP; and the Sturdevant Law Firm, each headquartered in San Francisco, California; Kaplan, Kilsheimer & Fox, LLP, headquartered in New York, New York; and Fine, Kaplan and Black, R.P.C., headquartered in Philadelphia, Pennsylvania.The $105 million will cover restitution to Providian customers, “in-kind” payments to customers, and the costs and expenses of the litigation, including attorneys’ fees. The settlement was approved in October 2001. "Lieff Cabraser does not engage in client data-sharing. There are a number of reasons for this, and, ultimately, each class member has to keep in mind the purpose of the action — to retrieve loss, punish the company for its wrongdoing, prevent the company from doing it again, and to set an example for other companies.If you had an outstanding balance at the time of the Settlement Fund disbursement, all monetary shares of the Settlement Fund were in the form of a credit to your Providian account. Plaintiffs’ counsel anticipate that class members will be notified of the terms of the settlement in the spring of 2001. The settlement follows another settlement by Providian in June 2000 of charges brought by San Francisco and by the Office of the Comptroller of the Currency. All credits were indicated directly on applicable individual Providian statements, and no separate statement or letter specifically indicating a credit was mailed. Providian Financial Class Action Lawsuit Gibbs Law Group represented customers of Providian Financial credit card services in a class action alleging that Providian had assessed unauthorized charges to customers’ accounts and engaged in other fraudulent activities, in violation of the Truth in Lending Act (TILA) and other laws. More than three million customer could be eligible for reimbursements under the proposed settlement, according to Robert S. Green, counsel for Plaintiffs. The mediation was conducted before the Honorable Ellen S. James, a retired superior court judge. If you did not receive a check or have questions about your account, please contact Providian directly either by telephone or in writing at:Because there were millions of people in the Class and a set amount of funds in the Settlement Fund, individual payments were estimated to be less than $20 in most cases. This case has settled, and the Claims Administrator is unable to process any claims submitted after December 31, 2001.