If you have received a check from the CFPB, it is because we have taken an enforcement action against a person or company for violating a consumer financial protection law, and you are eligible for compensation as a result of this violation. This check may come in the mail directly from the CFPB or from the defendant that we sued.
Full Answer
How much are settlement checks for class action lawsuits?
Settlement checks for as much as $142.50 are literally in the mail and on their way to Top Class Action readers who have joined in three class action... Read More Top Class Action readers are getting checks in the mail – for as much as $505 – for participating in some recently settled class action lawsuits.
Why am I only getting a settlement check now?
If not check the internet for the web site for the law suit. Interesting. There could be a couple of reasons you are only now getting the check. First, it's possible that someone objected to the settlement, and after final approval, they appealed to Court's order granting final approval, and the settlement was upheld by the appellate court.
How many employees does Phoenix Settlement administrators have?
Phoenix Settlement Administrators is located in Orange, CA, United States and is part of the Office Administrative Services Industry. Phoenix Settlement Administrators has 16 total employees across all of its locations and generates $299,780 in sales (USD). (Employees and Sales figures are modelled).
How do settlement administrators pay out awards?
Paying out awards for valid claims. Most Settlement Administrators create a special, court-approved website to serve as a hub for information about the case, including court documents and updates about when payments will be distributed. Settlement Administrator websites also provide a way for Class Members to electronically file their Claim Forms.
Should I cash a check from a class action settlement?
People have mixed feelings about class-action suits, and whether you cash class-action refund checks is up to you. Generally, if you get one, you probably paid a lot more in wrongful fees than you're getting back in the settlement. If you don't cash the check, the money may go back to the company.
What is Phoenix settlement Administration?
Phoenix Settlement Administrators (PSA) is value driven on all size cases. Large or small, your case receives expert management, secure data custody, neutral communication and a dedicated team.
How do I cash a class action settlement check?
Lawsuit Settlement Check CashingBring your settlement check to a check cashing store, like United Check Cashing. ... Provide the teller with your check and a valid photo ID.You will pay a small processing fee, but then leave with cash in hand.
Why did I get a settlement check from Bank of America?
You received a check or credit because it was determined you were a member of the Settlement Class that: (1) had a Bank of America consumer checking Account in the United States; and (2) were charged Overdraft Fees between May 25, 2011, and February 5, 2016, on transactions that were authorized and approved when ...
What happens if you don't cash a class action settlement check?
Cy Pres Distribution. In other settlements, the unclaimed funds will be distributed to a charity, non-profit organization or university with the purpose of furthering the policy goals of the settlement.
How do you tell if a check in the mail is real?
How To Spot a Fake CheckMake sure the check is issued by a legitimate bank and doesn't have a fake bank name. ... Look for check security features, such as microprinting on the signature line, a security screen on the back of the check, and the words “original document” on the back of the check.More items...
How do I cash a settlement check?
If the issuing bank operates a local branch, you can cash the settlement check at the issuing bank. You must present two forms of identification that can include a driver's license or a state-issued identification card.
What is a Bank of America settlement?
Bank of America agreed to pay $8 million to end class action claims it hit customers with multiple fees on the same checks in violation of their account agreements.
Can my lawyer cash my settlement check?
While your lawyer cannot release your settlement check until they resolve liens and bills associated with your case, it's usually best to be patient so you don't end up paying more than necessary.
What was the outcome of the Blue Cross Blue Shield settlement?
The tentative $2.67 billion settlement was reached in October 2020 after more than 35 Blue Cross Blue Shield health insurance plans, including Highmark, were sued for allegedly violating antitrust laws, according to https://www.bcbssettlement.com, the settlement's official website.
How do I know if I qualify for the University of Phoenix Settlement?
first enrolled in a masters, bachelors, or associates degree program at The University of Phoenix between October 15, 2012 and December 31, 2016. paid more than $5,000 with cash, grants, federal and private student loans, or military benefits. did not get debt cancellation as part of the FTC's settlement with UoP.
Can I sue University of Phoenix?
Your University Of Phoenix Contract probably says you can't sue University Of Phoenix in any court except Small Claims Court, thanks to an arbitration clause. It can be complicated and time consuming, but suing University Of Phoenix in small claims court usually gets you what you want.
How do I know if this check’s real or a scam?
If you would like to verify whether a check from the CFPB is real, you can view our payments by case and click on the link for the case for which you received a check. You should then contact the payments administrator using the contact information listed. The administrator should be able to verify your check and determine if it’s real or a scam.
What if I think I should have received a check?
You can check here or call (855) 411-2372, 8 a.m. to 8 p.m. ET, Monday through Friday, to learn more about our recent enforcement actions. Keep in mind that even if an enforcement action was brought against a company that harmed you, you might not be eligible to receive compensation. You can learn more about the process on our website .
Can I still take legal action?
Cashing the check you receive in the mail doesn’t stop you from making any further legal claims that may be available to you. While we can’t give you legal guidance, you may want to look for an attorney for advice.
When do you receive a claim form?
A claim form is used when we need additional documentation to verify that you are eligible for a redress payment.
Is a check from a payment administrator a scam?
You should then contact the payments administrator using the contact information listed. The administrator should be able to verify your check and determine if it’s real or a scam. If anyone claims that they can get you compensation, but asks for money upfront, it could be a scam.
How to verify a FINRA check?
Call the company directly to verify the check, using a telephone number you obtain on your own from directory assistance at the company. Do not use any telephone number that appears on the check or in any instructions you receive. For FINRA checks, call (301) 590-6500. Know the hallmarks of fraud. Fake check scams typically have a number ...
What are the red flags for fake checks?
Fake check scams typically have a number of red flags, such as: Typos: Watch out for online postings, texts or emails that are riddled with typos and poor grammar. Mismatched names: Compare the name of the person or company posting the opportunity with the name on the check you receive — and beware if they don't match.
How to avoid fake checks?
To avoid fake check scams, follow these tips: Don't cash the "unexpected" check. Companies, including FINRA, rarely if ever send checks that don't include some explanation of why the check was issued. Unless you are expecting the check — and you are absolutely certain it is meant for you — do not cash it. Don't "keep the change.
How long does it take for a bank to verify a check is counterfeit?
Pressure to act quickly: Be aware that it can take 10 days or even more for your bank to determine that a check is counterfeit. Until you have verified with your bank that the check has cleared — do not wire or transfer funds.
How to stop credit loss?
Start by locking or closing accounts that may have been compromised. Place a fraud alert and consider freezing your credit. Visit com or call (877) 322-8228 to request your free credit report from each of the credit reporting agencies. Change your passwords if applicable.
Is a fake check a scam?
Often fake check scams and run in tandem with job-search scams. You’ll hear that you’ve been “hired” and instructed to deposit a check in your bank account, then withdraw most of the money and wire it to someone else. Victims are told to keep several hundred dollars of the money as payment. When the checks are later discovered to be phony, the banks reverse the deposit and the victims are left liable for the money withdrawn, usually several thousand dollars.
Can you be a scammer if you don't forward a check?
Even if you’re not asked to forward on part of the funds, unexpected checks can still be scams. For example, you might be liable for the amount of the counterfeit check, your endorsement might give your account information to fraudsters, or you could receive follow-up attempts to phish for personal financial information — or some combination.
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Eric Lechtzin
Contact the claims administrator if you doubt the authenticity of the check. However, it is probably not a scam, as there is a settlement website hosted by a well-known settlement administration company: http://gannetttcpasettlement.com/
Fred T Isquith
If you are not sure call the claims administrator. You probably have that contact information in the paper work you received. If not check the internet for the web site for the law suit.
James Michael Treglio
Interesting. There could be a couple of reasons you are only now getting the check. First, it's possible that someone objected to the settlement, and after final approval, they appealed to Court's order granting final approval, and the settlement was upheld by the appellate court.
Alan Frederick Wagner
Look up the class action and contact the attorneys representing the class.
