Calif. Justices to Consider Credit Card Holders' Ability to File Class Actions
Yep, no kidding. Just like the twits at Bank One who tried to ruin my credit rating for "paying late" on a charge they they refused to take out of one of their own accounts. I have a Merrill Lynch brokerage account through Bank One and signed up for their online payments. They didn't tell me they don't accept their OWN ACCOUNTS for online payments until long AFTER the payment due date passed. Then, of course, hit me with a seriously huge late fee, plus interest for their error. It would be nice if we could all get together and sue those bastards. Ever wonder why some still charge 24.99% when the prime is down around 5%?
Calif. Justices to Consider Credit Card Holders' Ability to File Class Actions: "Credit card holder Christopher Boehr was outraged when he learned that Discover Bank imposed a $29 late fee on some customers even if their payments arrived on the due date. But when he sued for an estimated class of 25 million people, the bank invoked a little-known clause that requires card holders to waive the filing of a class action. Today the California Supreme Court will consider the issue in what the prospective class's attorney calls 'the single most important' consumer case in a decade."
(Via Law.com.)