Providian Credit Card Class Action
Lieff Cabraser served as Co-Lead Counsel for a certified national Settlement Class of Providian credit cardholders who alleged that Providian had engaged in widespread misconduct by charging cardholders unlawful, excessive interest and late charges, and by promoting and selling to cardholders "add-on products" promising illusory benefits and services.
In November 2001, the Court granted final approval to a $105 million settlement of the case, which also required Providian to implement substantial changes in its business practices. The $105 million settlement, combined with an earlier settlement by Providian with Federal and state agencies, represents the largest settlement ever by a U.S. credit card company in a consumer protection case.
Additional Resources
The
Federal Trade Commission (FTC) website also
provides helpful information to consumers regarding their rights under various
consumer laws and also issues "alerts" about unfair practices
of which consumers should be aware. The mandate of the FTC's Bureau of
Consumer Protection is to protect consumers against unfair, deceptive, or fraudulent
practices. The Bureau enforces a variety of consumer protection laws enacted
by Congress, as well as trade regulation rules issued by the Commission.
Click
on the links below for information on the following topics from the FTC:
The
FTC also has a page at its website which allows you to file a Complaint
against a particular company. You can find the Complaint form here.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP is a sixty-plus attorney law firm that has represented plaintiffs nationwide since 1972. We have offices in San Francisco, New York and Nashville. We represent plaintiffs in class and group actions and in individual lawsuits in cases involving substantial losses. For the last seven years, The National Law Journal has selected Lieff Cabraser as one of the top plaintiffs' law firms in the nation.
Notice
This website is sponsored by Lieff Cabraser Heimann & Bernstein, LLP, a national plaintiffs' law firm.
Notice: Lieff Cabraser attorneys provide legal advice and practice law for clients in
federal courts throughout the United States and in state courts where we are
licensed to practice. Please read our disclaimer.
Copyright © 2010 Lieff Cabraser Heimann & Bernstein,
LLP.
No persons pictured on this website are clients of Lieff Cabraser.