Blog Posts in 2012

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  • Federal Judge Certifies $23.5 Mil. Class Settlement With HSBC

    Posted By Golomb & Honik || 21-Nov-2012

    A judge of the Federal Court has approved a $23.5 million class settlement with HSBC Business Bank in a case in which the bank is alleged to have engaged in deceptive practices in administering its “debt suspension” and “debt cancellation plans.” The judge approved the settlement amidst objections from the attorneys general for Mississippi, West Virginia, and Hawaii. ...
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  • PNC Among Banks Changing Policies Following Lawsuits Over Overdraft Charges

    Posted By Golomb & Honik, P.C. || 16-Nov-2012

    Beginning December 1, PNC Bank will cease the reordering of debit card transactions and checks in order of highest amount to lowest, a practice consumer groups have long decried as a deceptive way to collect more overdraft fees. Debt transactions and checks will now be processed in the order they come in under the new policy. PNC agreed to pay $90 million earlier this year to settle a federal ...
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  • Capital One Loses Bid To Block State AG Suits Over Payment Protection

    Posted By Golomb & Honik || 27-Aug-2012

    Capital One Financial Corp.’s efforts to block state regulators’ lawsuits over payment protection plans marketed to credit card customers has been denied by a federal judge. Also known as credit protection, payment protection has been the subject of increased scrutiny by regulators in light of claims that lenders have misrepresented product features and deceptively enrolled customers ...
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  • Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices

    Posted By Golomb & Honik || 18-Jul-2012

    On Wednesday, a first enforcement action was filed against Capital One for deceiving over two million credit card consumers. As a result, the company will be forced to pay roughly $210 million to remedy a couple regulatory cases, which have created obstructions within the financial industry. According to the Consumer Financial Protection Bureau, Capital One has deployed deceptive marketing tactics ...
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  • Federal Judge Approves Settlement in Generic-Antidepressant Class Action

    Posted By Golomb & Honik || 5-Jul-2012

    Recently, a multidistrict litigation class action case was settled by a federal trial judge. The case was about a generic version of Wellbutrin, an antidepressant drug that was proven to be less effective than the Wellbutrin. As a result, the drug makers will provide injunctive relief to members of the class action lawsuit by changing the labels of their products and by paying $4.5 million for the ...
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