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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