Sears Settles Credit Card Suit Involving FCRA

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006378-sears-settles-credit-card-suit-involving-/

Sears Holdings Corp. will give as many as 2.3 million customers discount coupons to settle a lawsuit brought by former Sears credit card holders.

Sears will provide discount coupons of $10 or $15 to individuals whose credit data the retailer pulled after their accounts had been closed and sold for collection, according to the settlement filed Aug. 16 in federal court in Riverside, Calif. As many as 2.3 million people may be entitled to participate in the settlement, according to the filing.

The lawsuit was filed Nov. 3, 2003, and accuses Sears of violating the Fair Credit Reporting Act by obtaining credit data when there was no permissible purpose.

For this complete story, please visit SEARS HOLDINGS CORP.: 2.3 million customers may receive discounts.

Sears Settles Credit Card Suit Involving FCRA

Unknown Author

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