CLASS ACTION TIME
3.5 million plaintiffs will make a helluva class:
Citi is issuing approximately 3.5 million credit cards to department store customers who did not request them, the banking company confirmed Friday.
Macy’s selected a portion of its card members who have had inactive accounts for more than two years to receive the new Citi MasterCards, according to Citi spokesman Samuel Wang.
A federal Law dictates that banks can issue credit cards only when customers request them or they replace existing cards. Citi considers the cards replacements to the Macy’s cards already accepted by the customers.
Issuing a MasterCard to someone just because they used a Macy’s card 2 years before is not a replacement in kind.
One Response to “CLASS ACTION TIME”
 Comment by Andrea September 30th, 2007 at 7:39 am |
OMG, these are the same people who hassle us over the phone to sign up for more Mastercards. Even here at our new house. 🙁 |