It appears that Synchrony Bank has finally come to their senses and is now allowing class action lawsuits by consumers to go forward. This comes as a relief to many people who have been complaining about not being able to get the money they are owed from their credit card companies. In fact, the class action lawsuit settlement will allow these individuals to be paid for what they are actually owed. Of course, this does not mean that Synchrony Bank or any other bank is taking advantage of anyone.
Synchrony Bank Class Action Lawsuit
The class action lawsuit means that each individual who signs up for the suit will receive a percentage of the total amount owed from the debt collection efforts of Synchrony Bank. So, the more money that is owed, the more money each person will get. It is as simple as that. In order to make it even better, each person will also be getting at least one phone call each week from Synchrony Bank. Many of these individuals will receive more than one phone call per week.
The reason behind the new policy at Synchrony Bank is because of the concerns expressed by the Federal Trade Commission (FTC).
The FTC became involved with Synchrony Bank because of the way in which some of their borrowers were being treated. Specifically, the borrowers who had placed orders for automatic cellular telephone and other automated debt collection services from the bank were being hit with annoying robocalls and other unsolicited calls on a regular basis. This was causing a great deal of concern on the part of the FTC. So, they made a decision to sue Synchrony Bank to make sure that their customers were not being treated unfairly.
There are two class action lawsuits that have been brought against Synchrony Bank.
The first is a class action lawsuit against the debt collection department of Synchrony Bank that placed the automatic phone calls on their customers. The second is a lawsuit that was brought against the bank itself. This case involves the use of robocalls and the way in which the bank used information from third parties in order to place the robocalls on their customers. Both of these lawsuits are currently pending before the courts.
One thing that we need to be aware of is that there is a difference between robocalls and cellular phone harassment. Robocalls are annoying and do not warrant any form of legal action.
However, these calls from banks and other similar companies may be considered harassing by the court system and should be taken seriously. So, it is important to make sure that you are not being subjected to a constant stream of robocalls from a company like Synchrony Bank. The second case that is pending before the courts involves the use of information from third parties.
So, as you can see, you have many options when it comes to dealing with a class action lawsuit.
You can try to settle the claims that you have filed with the courts. You can also choose to go to trial if you want to. The most important thing to remember is that you have nothing to lose and everything to gain if you decide to file a class action lawsuit against Synchrony Bank. There are so many people out there that have been scammed and they deserve a chance to get back what they lost, so take advantage of this opportunity today.