Florida residents have six days to opt out of a $500,000 settlement for late-night debt collection messages from Bank of America.
The settlement made by Bank of America to its customers. (Source: Washington Examiner)
Bank of America Settlement to Customers
The class-action lawsuit claimed Bank of America violated Florida’s Consumer Collection Practices Act by sending consumer account messages late at night. Consumer debt collection is regulated by legislation. Despite denying the charges, the bank settled for $500,000. The settlement applies to Florida Bank of America customers who received debt collection communications between 9 p.m. and 8 a.m. in their local time zone from April 20, 2020, until the present. Claimants can get up to $500, depending on the number of claims.
Bank clients eligible for the settlement who want to object or be excluded must mail a letter by Tuesday. An exclusion lets the client bail out of a settlement, but an objection notifies the court they disagree. Customers must request exclusion by mail. A final approval hearing is scheduled for Jan. 11, and settlement claims are due January 26. A request for exclusion should include the case name, the settlement class member’s name, address, and telephone number; the defendant’s email or cellphone number; the class member’s signature; and a statement stating the desire to be excluded from the settlement, such as “I hereby request that I be excluded from the proposed Settlement Class.”
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