Credit One Bank Just Settled for $14 MillionSee If They Owe You Money

Published: Saturday, June 7, 2025 at 2:22 pm

Credit One Bank Settles Robocall Lawsuit for $14 Million

Credit One Bank has reached a $14 million settlement to resolve a class-action lawsuit alleging the bank made unauthorized robocalls to customers. The settlement addresses claims that Credit One Bank violated federal law by contacting individuals via automated dialing systems without their prior consent between 2014 and 2024.

Individuals who were Credit One Bank customers during this period and received unwanted robocalls may be eligible to file a claim. To qualify, claimants should have received automated calls from the bank without providing prior permission. Proof of these calls, such as phone logs, voicemails, or screenshots, can strengthen a claim, though it is not necessarily required.

The total settlement fund of $14 million will be distributed among eligible claimants. The amount each individual receives will vary depending on the number of claims filed, the strength of the supporting evidence, and any documented costs or inconveniences caused by the calls. Payouts could potentially reach up to $1,000 per claimant.

To file a claim, potential claimants should monitor their mail and email for claim notices. They should also gather any available call records or other evidence of the unwanted calls. Once the official settlement website is live, individuals can submit their claims online, providing detailed information and supporting documentation. A deadline for filing claims will be established in the coming months.

Payments are not expected immediately. The court must first approve the settlement, and then claims will be reviewed. If approved, payments are anticipated to begin later this year or early next year, potentially via check or direct deposit.

BNN's Perspective:

This settlement highlights the importance of consumer protection and the legal consequences of unsolicited communications. While the settlement amount is significant, the individual payouts may be modest. However, the process provides an opportunity for consumers to be compensated for the inconvenience caused by unwanted robocalls.

Keywords: Credit One Bank, robocalls, settlement, class-action lawsuit, unauthorized calls, automated dialing systems, consumer protection, claim, payout, compensation, federal law, unwanted calls, financial settlement, legal action, robocall lawsuit

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