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Sears Settles Credit Card Suit

by Peter Andrew

Sears

Holding Corp has agreed to give $10 or $15 coupons to as many

as 2.3 million customers as part of a lawsuit settlement.

Suing

cardholders claimed Sears had violated the Fair Credit Reporting

Act by obtaining credit data after accounts were already closed

and sold for collection.

As

part of the settlement, Sears did not admit wrongdoing.

 

Published 08/22/05 (Modified 05/07/12)


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