Bank of America customers must act within 11 days to exclude themselves from a $500K communications settlement
Florida Bank of America Customers Have 11 Days to Opt Out of $500,000 Settlement
Calling all Florida residents who were customers at Bank of America in 2020 and beyond! You have just 11 days left to take action and file an exclusion request to opt out of a massive $500,000 settlement. But what’s the story behind this settlement?
A Late-Night Debt Collection Debacle
A class-action lawsuit was filed against Bank of America by plaintiffs who claimed that the bank had been sending late-night debt collection messages to its customers. According to the plaintiffs, this violated Florida’s Consumer Collection Practices Act, a law that aims to protect consumers from unfair debt collection practices.
Bank of America, however, vehemently denied these allegations. Nevertheless, they agreed to settle the case for a whopping $500,000. Now, it’s up to the affected customers to decide whether they want to be a part of this settlement or not.
Claim Your Share
If you’re a Bank of America customer in Florida and have received debt collection communications from the bank between 9 p.m. and 8 a.m. in your local time zone since April 20, 2020, you may be eligible for a piece of the settlement pie. The exact amount you receive will depend on the number of claims submitted.
Take Action Now
If you wish to object to the settlement or simply want to opt out, you must file a request for exclusion through the mail by December 12. Remember, an exclusion allows you to remove yourself from the settlement, while an objection lets the court know that you disagree with the terms.
To file for exclusion, make sure your request includes the case name, your personal details (name, address, and telephone number), the email address or cellphone number that received the communication from the bank, your signature, and a clear statement expressing your desire to be excluded from the settlement.
It’s important to note that exclusion requests cannot be submitted via phone, email, or the settlement website. So, grab a pen, paper, and an envelope, and get that request in the mail!
Don’t miss out on this opportunity to have your voice heard. The act fast! Only six days left to claim their share in the million Instagram settlement.”>final approval hearing is scheduled for January 11, and the deadline to file a claim for the settlement is January 26.
For more information, click here to visit The Washington Examiner.
What options do Florida residents who were customers at Bank of America have if they wish to opt out of the settlement and pursue individual lawsuits for damages
Debt collection calls that violated the Telephone Consumer Protection Act (TCPA). The TCPA prohibits companies from making unsolicited calls to consumers before 8 am and after 9 pm. The plaintiffs alleged that Bank of America had made these calls to collect on overdue debts, causing harassment and disruption to their lives.
The Settlement Agreement
After months of legal proceedings, Bank of America has agreed to settle the class-action lawsuit by paying a total of $500,000 in compensation to affected customers. This settlement aims to provide relief to customers who were impacted by the late-night debt collection calls and compensate them for any harm or distress caused. However, it is important to note that this settlement is not an admission of guilt by Bank of America.
Exclusion Requests and Opting Out
Florida residents who were customers at Bank of America between 2020 and the present moment have the opportunity to opt out of the settlement. By doing so, they will retain their right to pursue an individual lawsuit against the bank for damages related to the late-night debt collection calls. However, it is crucial to act quickly as there are only 11 days left to file an exclusion request.
How to File an Exclusion Request
To opt out of the settlement and file an exclusion request, Florida residents must submit a written letter to the Claims Administrator. The letter should clearly state the individual’s name, contact information, and intention to opt out of the settlement. It is recommended to send the letter via certified mail to ensure it is received within the designated timeframe.
Consult with an Attorney
Choosing whether to stay in the settlement or opt out is a significant decision. It is advised that affected customers seek legal counsel to understand their rights, the potential benefits and risks of staying in the settlement, and the potential outcomes of pursuing an individual lawsuit. An experienced attorney can provide guidance tailored to each individual’s circumstances and help them make an informed choice.
The Deadline and Next Steps
The deadline for filing an exclusion request is swiftly approaching. Florida residents who wish to opt out must ensure their letters are postmarked no later than [deadline date]. After the exclusion requests are received and reviewed, the court will proceed with the settlement process for the remaining customers. It is essential to stay updated on any developments concerning the settlement and be ready to take appropriate action.
In conclusion, for eligible Florida residents who were customers at Bank of America between 2020 and now, the opportunity to opt out of a $500,000 settlement is limited to the next 11 days. This settlement stems from allegations of late-night debt collection calls that violated the TCPA. While the settlement aims to provide compensation to affected customers, opting out allows individuals to pursue individual lawsuits for damages. Seeking legal advice is crucial to make an informed decision. Act fast and file an exclusion request before the deadline to ensure your rights are protected.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
