Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.

Follow us on Twitter and Facebook for the latest Class Action Lawsuit & Settlement News!
 

FIA, Bank of America, MBNA Credit Card Settlement
By Kimberly Mirando
 

Bank of AmericaFIA Card Services and its predecessors Bank of America and MBNA America Bank have reached a class action lawsuit settlement that could affect thousands of credit card holders in the United States. If you had an MBNA, FIA Card Services or Bank of America credit card account between 2002 and 2010, and your interest rate was increased as a result of a default or delinquency, you may be eligible for a payment from the class action settlement.

 

The FIA credit card settlement will resolve two class action lawsuits, entitled Frederick v. FIA Card Services, N.A. and Augustine v. FIA Card Services, N.A., that allege FIA, MBNA and Bank of America improperly increased the interest rate on delinquent or defaulted FIA, MBNA and Bank of America credit cards by calculating the rate increase starting at the beginning of the billing cycle in which the default or delinquency occurred.

 

You’re considered a class member of the FIA, MBNA and Bank of America credit card settlement if you had a credit card account with FIA Card Services or one of its predecessors, Bank of America or MBNA, between July 27, 2002 and October 18, 2010 and were assessed and paid a higher rate of interest on your credit card account because you defaulted or were delinquent, and the higher interest rate was calculated as of the beginning of the billing cycle in which the default or delinquency occurred.

 

As a member of the FIA Card Services class action settlement, you may be able to claim a refund of the interest fees you paid as part of the $10 million class action settlement. Whether or not you need to submit a claim form to do this depends on the following:

 

If you are a current customer of FIA with a credit card account that is open and available for new transactions, you do not need to submit a claim form. Unless you exclude yourself from the Settlement, you will automatically receive a credit to your FIA credit card account or, at FIA’s discretion, a payment by check. The deadline to exclude yourself is May 2, 2011.

 

If you are a current customer of FIA with an open credit card account, but your credit card account is not available for new transactions, or if you are a former FIA customer, you are required to submit a claim form to receive a payment as part of the settlement. The deadline to submit your claim form is May 2, 2011.

 

You can find downloadable claim forms and more information on your rights in the FIA Card Services, Bank of America and MBNA Credit Card Class Action Lawsuit Settlement on the Settlement Administrator’s website at www.FrederickAdministrator.com. For a detailed breakdown on how to file a valid claim form and ensure you get your settlement money, see our Open Lawsuit Settlements section.

 

We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.

 

Updated February 14th, 2010

 

All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions

LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2010 Top Class Actions® LLC
Various Trademarks held by their respective owners.

13 thoughts onFIA, Bank of America, MBNA Credit Card Settlement

  1. J T ROBINSON says:

    THIS SETTLEMENT NEVER HAPPEN FOR ME STLL HAVE AN OPEN ACCOUNT PAID OFF AT A HIGHER RATE THEY CHANGE

  2. Steve Faeth says:

    Trying to sell my house for the last year I just found out that FIA. put there name on my title . Please help me on this..

  3. Shannon Craig says:

    My bank account has been frozen by MBNA/FIA as a result of disputing the interest charged. I filed when instructed to at this site but never received any additional information. A judge has ordered our accounts frozen and we don’t know of any recourse. I am confident that we were affected by this fraudulent activity as we paid $400 per month and only reduced our balance by $65. Can anyone help with immediate advice and instruction?

Leave a Reply

Your email address will not be published. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. Required fields are marked *

Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.