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I just got a settlement check in Lovelace v Global Payments Inc (http://lovelacesettlement.com/ http://lovelacesettlement.com/). The grand total? 20 cents. Read
by ch33zer 7y ago
I just got a settlement check in Lovelace v Global Payments Inc (http://lovelacesettlement.com/ http://lovelacesettlement.com/). The grand total? 20 cents. Read the FAQ, it's fascinating:
$540,000 total from the company
-$135,000 lawyers fees
-$2,500 settlement representative (whatever that is)
-$164,224 to distribute the payment
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$233,276 for clients.
I have no idea how much the company made by charging transaction fees on credit card payments for student loans (that's what they're accused of) but they got off with a slap on the wrist. They should have been required to give back ALL the money they made. Fucking scammers.
- pishpash 7y agoSettlement representative is the plantiff representing the class?