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The Federal Trade Commission (FTC) is returning money to consumers who were unable to access funds on their NetSpend prepaid debit cards.
According to the FTC, NetSpend denied or delayed the activation of its prepaid debit cards — causing consumers to be unable to use their prepaid funds. In addition, NetSpend allegedly charged consumers fees that reduced the balances on their prepaid cards.NetSpend is a prepaid debit card company that offers “alternative financial services.”
NetSpend agreed to resolve the FTC lawsuit with a settlement. In June 2022, the FTC sent over $10 million in refund money to more than 430,000 NetSpend consumers.
NetSpend Prepaid Debit Cards FTC Class Action Lawsuit
- Who’s Eligible:
- Consumers who got a NetSpend card between Jan. 1, 2010, and Aug. 31, 2016, who did not activate the card before Aug. 31, 2016, and who had fees deducted from their card balance.
- Estimated Amount: Varies
- Proof of Purchase: N/A
- Claim Form Deadline: 09/21/2023
- Case Name & Number:
- FTC v. NetSpend Corp., Case No. 1:16-cv-04203-AT, in the U.S. District Court for the Northern District of Georgia
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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The post NetSpend Prepaid Debit Cards FTC Class Action Lawsuit appeared first on Hustler Money Blog.
