If you currently or formerly (1) have a Bank of America credit card, (2) enrolled in Bank of America’s eBill AutoPay for your credit card, (3) selected the “Amount Due” payment option between June 4, 2014 and March 7, 2021, and (4) switched your payment option from “Amount Due” to “Account Balance” as of May 21, 2021, after making an “Amount Due” payment and being assessed interest, you may be Entitled to Benefits from a Bank of America Credit Card eBill AutoPay Class Action Settlement.
Bank of America, N.A has reportedly agreed to a class action settlement of a class action lawsuit filed against it in the United States District Court for the District of New Jersey, styled as Jette v. Bank of America, N.A., Class Action Case No. 2:20-cv-06791-SDW-LDW, alleging, among other things, that Bank of America violated the New Jersey Consumer Fraud Act, breached uniform credit card agreements, breached the covenant of good faith and fair dealing, and was unjustly enriched due to its actions in not adequately disclosing that the “Amount Due” payment option offered in connection with Bank of America’s eBill AutoPay for credit cards was the same as paying the “Minimum Amount Due” and would result in payment of only the minimum amount due and not the full amount due, which resulted in customers choosing “Amount Due” when they intended to pay the account balance.
Bank of America reportedly denied all of Plaintiff’s claims, denied all allegations of wrongdoing, fault, liability or damage of any kind to Plaintiff or the Settlement Class and denied that it acted improperly or wrongfully.
Who Is Included In The Bank of America Credit Card eBill AutoPay Class Action Settlement?
The Bank of America Credit Card eBill AutoPay class action settlement reportedly includes, unless otherwise excluded, the following class:
All persons in the United States (1) with a Bank of America credit card (2) who enrolled in Bank of America’s eBill AutoPay for their credit card and (3) selected the “Amount Due” payment option before March 7, 2021, and (4) as of June 4, 2014, switched their payment option from “Amount Due” to “Account Balance” after making an “Amount Due” payment and being assessed interest, during the applicable statute of limitations period through the settlement date.
What Settlement Benefits Does The Bank of America Credit Card eBill AutoPay Class Action Lawsuit Settlement Provide?
The Bank of America lawsuit settlement reportedly provides for the creation of a $5.95 million Settlement Fund for the benefit of the Settlement Class.
Bank of America Settlement Class Members will reportedly automatically receive a check representing a pro rata share of the Net Settlement Fund (the Settlement Fund less a service award for Plaintiff, attorneys’ fees and costs and expenses, and Notice and Administration Expenses) based on the total number of Settlement Class Members and total amount of interest paid by Settlement Class Members from when their initial selection of “Amount Due” became effective to when their switch of payment options from “Amount Due” to “Account Balance.”
Claim forms are not required to receive cash payments under the settlement.
Where Can You Obtain More Information About The Bank of America Credit Card eBill AutoPay Class Action Settlement?
For more information about the Bank of America Credit Card eBill AutoPay class action settlement, write to BANA Credit Card Auto Payment Settlement Administrator, P.O. Box 6386, Portland, OR 97228-3386, call 1-855-535-1849 (Toll-Free), or visit the Bank of America Credit Card eBill AutoPay class action settlement website at http://creditcardautopaysettlement.com/