Bank of America settlementUPDATE: Details on how to file a claim for the Bank of America Credit Protection Class Action Settlement have arrived!

A federal judge has preliminarily approved a $20 million class action lawsuit settlement offered to Bank of America customers who claimed the bank used deceptive marketing tactics to sign up and charge credit card customers for a useless credit-protection service. Some cardholders will be eligible for $50 and $100 awards under the class action settlement.

Credit card customers alleged in the Bank of America credit protection class action lawsuit that not only did the bank sign them up for its Credit Protection Plus service without their permission or through deceptive marketing, but that it also gave them nothing meaningful in return for the monthly fees they were charged. Bank of America charged customers for the service without authorization, enrolled them through deceptive marketing, and improperly denied benefits, the class action lawsuit alleged.

The Bank of America payment protection settlement is the latest in a string of settlements reached in consumer class action lawsuits accusing banks of deceptively marketing payment protection products and other add-ons to credit card customers. Chase credit card customers won a $20 million class action lawsuit settlement last year over the deceptive tactics, Discover card customers won a $10.5 million class action settlement earlier this year, and Capital One cardholders will receive $210 million as part of a class action settlement alleging the bank tricked them into buying unwanted “add-on” products such as payment protection and credit monitoring.

Bank of America admitted no wrongdoing in the proposed class action lawsuit settlement, but agreed to change some of its practices related to the Credit Protection Plus program, including waiving or eliminating restrictions previously imposed that did not allow enrollees to receive benefits. It also agreed to create a $20 million class action lawsuit settlement fund to pay credit card customers who enrolled in the credit protection service starting in 2006.

U.S. District Judge Thelton Henderson preliminarily approved the BofA credit card protection class action settlement on July 23, 2012. A Final Settlement Approval Hearing is scheduled for January 14, 2013.

Customers will have until February 26, 2013 to submit claim forms to receive money from the class action lawsuit settlement. Claim forms and an official settlement website have not been created yet. Keep checking Top Class Actions, or sign up for our free newsletter, to receive details on how to file a claim for the BofA Credit Protection Class Action Settlement as soon as they’re available. Claim Forms and more information on your rights in the Bank of America Credit Protection Class Action Settlement can be found at www.CreditProtectionSettlement.com.

The case is In Re: Bank of America Credit Protection Marketing and Sales Practice Litigation, Case No. 11-md-2269, U.S. District Court, Northern District of California, San Francisco.

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23 Comments

  • Anonymous August 15, 2012

    I recall when I received my credit card statement I noticed an extra charge for credit protection that I did not ask for.

  • Anonymous August 15, 2012

    I recall when receiving my statement an extra charge and when I looked it was for credit protection that I did not ask for.

  • Anonymous September 27, 2012

    I recall when receiving my statement an extra charge

  • Anonymous October 10, 2012

    I bought a credit protection plan that included alife insurance rider. to pay off any credit card balance.wich was a paultey amount. when my wife died. The plan refused my claim. I sent an official death certificate. The was a useless peice of hipe. Pete Hansen

  • Anonymous October 12, 2012

    At least ya’ll can remember this travesty. It happened to my mother, she now suffers from “senile dementia” and doesn’t remember, now I am left to unscramble this mess for her. This comment 10/12/2012.

  • Anonymous October 13, 2012

    I recall this happening. I called BOA and they said that I agreed to the plan. I argued with the sales rep that in fact when they called asking if I wanted this I said no thank you . I finally closed the credit card so I didn’t have to deal with them anymore.

  • Anonymous October 15, 2012

    I recall when receiving my statement an extra charge.

  • Anonymous October 18, 2012

    I tried to cancel my credit protection progam but it took years at $40.00 a month I fell 35 feet off a roof in 2009 I’m now totaly disable broken bones and brain injuries . did Bank of America care about my plight No all they wanted was $40.00 a month.

  • Anonymous October 23, 2012

    I have received a notice to file a claim under this class action suit. I am concerned that it may not be coming from a ligit source as the web site listed does not work and the case no is slightly different…listed as …case no. 3:11-md-02269-TEH. CAN YOU TELL ME IF THIS IS A LEGIT CLAIM NOTICE? I do not want to fall victum to an identy theft scam. Thank You.

  • Anonymous October 25, 2012

    My wife had a credit card which BofA bought out. I was working out of town and my wife begin to receive notice to make payment to BofA . She didn’t make payment untill I returned. When I returned home I contacted BofA. They told me that I was late and began charges of 32% on the balance. I cotacted my state AG which told me I had to contact the Banking Comm. Same Qustion as Yvonne, comment. Thanks

  • Anonymous October 27, 2012

    this is my country usa. that suck’s that i should have to watch my back in my own country . wtf.

  • Anonymous October 27, 2012

    Over the past 6 years or so my life has been a financial nightmare it is hard to recall but. Signing up for credit protection is something I would do.

  • Anonymous October 28, 2012

    I also recieved a Notice to File a Claim in the mail today from Gilardi & Co. LLC from Petaluma, CA regarding a B.O.A class action settlement.

    Case No. 3:11-md-02269-TEH

  • Anonymous November 2, 2012

    I still remember clear as day from years ago when the lady over the phone signed me up without my consent. She asked if I wanted to be mailed information about the protection program and then decide if I want to sign up. I said sure, a mailing can’t hurt.
    On my next statement, I saw that she had charged me to sign up for the plan when I specifically told her NOT to! I was furious, and am glad this settlement went through!

  • Laura Land January 13, 2013

    My husband had been a card holder for many years. When he applied for the card he took out the credit protection plan in case something happened to him that the debt would be paid and I would not have to woory about it. After being daignosed with cancer in 2010 BOA didn’t want to honor the payment coverage; even turned him over to a credit company. Upon his death in July 2012 BOA canceled his plan and demanded that the money be paid in full. After thousends of dollars been paid in to cover this for years. Then nothing. We used up all of our savings and assets to fit the Cancer thinking g this was one thing we would not have to worry about. I just want BOA to MAN UP and honor what we all paid for. Where is all the MONEY we paid in…..

  • lorraine March 15, 2013

    I recall receiving my credit card statement with an extra
    charge for credit protection. I filled out the information
    for the lawsuit and I have still not heard anything.

  • Kim Heath March 18, 2013

    I filled out the form to receive money ($100) from Bank of America class action lawsuit on the credit protection plan. I haven’t heard or received anything. I want my money…I paid into this plan for 3 to 4 years, then became unemployed, and they wouldn’t honor it. Continued to take money over a year, after I was unemployed. At least give me my $100. The settlement have occured….

  • gloria March 27, 2013

    $50.00 or $100.00 hardly seems fair. a lot of money was taken out of my account without my permission. when is bank of america going to make good on it. or is that another lawsuit?

  • Marcella April 28, 2013

    If there was a settlement I never received it, did submit a claim. I definitely never agreed to credit protection but was charged for it for many years.When I did notice the charge I called and told BOA to take it off and cancel my card. Yes, I am still paying on the card but when it is payed off I will never have another thing to do with BOA are their new found name Farm Bureau Bank.

  • Angel May 30, 2013

    ANY UPDATES ?

  • Michelle July 25, 2013

    I actually recieved a notice about this like a yr ago and today I got a check for $40 in the mail. So I’m trying to get ahold of someone to make sure it’s legit before I try and cash it. But I can’t wait to cancel this credit card and be done with boa.

  • Julia Lopez Perez November 12, 2013

    I received check for $40.67….I forgot to cash it,please send a replacement.claim #BACP1-31274118-9. check #1000118 Thanks

  • wilfredo avila February 12, 2014

    I received check for $40.67….I forgot to cash it, please sand me a replacement.claim#BACP1-10327107-4,check #4726924 thanks

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