If You Had a Target Debit Card and Paid a Return Payment Fee, You May Be Eligible for a Payment or Debt Reduction from a Class Action Settlement.
A settlement has been reached in a class action lawsuit alleging that Target deceptively marketed its Target Debit Card (“TDC”) and breached consumer agreements in the way it processed TDC Transactions and assessed Returned Payment Fees (“RPFs”). The RPFs were assessed when the bank account the consumer chose to link to his or her TDC did not have sufficient funds to cover a TDC Transaction and the bank returned the transaction to Target unpaid. Target maintains that there was nothing wrong with its marketing of the TDC and that it complied, at all times, with applicable laws and regulations and the terms of its agreements with its customers.
Class Members may be entitled to either an automatic payment or an automatic reduction of any outstanding balance on their TDC account. As part of the Settlement, Target has also agreed to several business practice changes related to TDC Transactions.
The Settlement Class includes all TDC holders in the United States who, between June 29, 2012 and December 2, 2019, incurred at least one RPF in connection with their TDC that was not refunded or waived.
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