One of the largest banks in the US is preparing to hand out $29.5 million to settle accusations that the lender illegally robocalled hundreds of thousands of people.

Citibank is accused of making unsolicited, prerecorded calls requesting debt payments to people who don’t even have accounts at the bank.

Lead Plaintiff Christine Head claims the calls violated the Telephone Consumer Protection Act.

Without making an admission of guilt, the bank has agreed to pay the $29.5 million, which will be distributed equally among class members.

The maximum amount of money each participant can claim is $2,500, unless the class member can prove they were called more than five times.

The money is reserved for people who have never been customers at Citibank and received calls from the lender between August 15th, 2014 and July 31st, 2024.

Anyone who believes they should receive cash from the settlement has until December 20th, 2024 to file a claim, and a final approval on the settlement is expected at a hearing on January 14th.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Bank Paying $29,500,000 To Americans for Allegedly Bombarding People With Illegal Phone Calls, Demanding Nonexistent Debt Payments appeared first on The Daily Hodl.

One of the largest banks in the US is preparing to hand out $29.5 million to settle accusations that the lender illegally robocalled hundreds of thousands of people.

Citibank is accused of making unsolicited, prerecorded calls requesting debt payments to people who don’t even have accounts at the bank.

Lead Plaintiff Christine Head claims the calls violated the Telephone Consumer Protection Act.

Without making an admission of guilt, the bank has agreed to pay the $29.5 million, which will be distributed equally among class members.

The maximum amount of money each participant can claim is $2,500, unless the class member can prove they were called more than five times.

The money is reserved for people who have never been customers at Citibank and received calls from the lender between August 15th, 2014 and July 31st, 2024.

Anyone who believes they should receive cash from the settlement has until December 20th, 2024 to file a claim, and a final approval on the settlement is expected at a hearing on January 14th.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Bank Paying $29,500,000 To Americans for Allegedly Bombarding People With Illegal Phone Calls, Demanding Nonexistent Debt Payments appeared first on The Daily Hodl.