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Target customers might have hard time collecting class-action payout

Target may have agreed to a $10 million class-action lawsuit settlement, but burden of proof will be on customers to receive payout

Michael Hatamoto | Mar 22, 2015 at 3:05 am CDT (0 mins, 51 secs time to read)

Target may have agreed to a $10 million class-action lawsuit settlement, but trying to actually collect payment could be rather difficult. Consumers trying to cash in will need to submit documentation of fraudulent losses, which can be rather hard to prove.

Target customers might have hard time collecting class-action payout | TweakTown.com

Many fraudulent charges are caught by a bank or credit card company - and even if a charge isn't caught - the bank or credit card company typically takes care of fraud-based purchases.

"The law generally does not compensate consumers for their hassle," the USA Today learned. "In terms of being able to document that and say, I as a consumer have suffered legal damages, that's a very tough putt for a consumer."

To collect, victims must have suffered an unauthorized and unreimbursed charge; time spent addressing unauthorized charges; costs to hire someone to correct their credit report; a higher interest rate, or payment of higher interest fee; lost access to funds; associated fees paid on the account; or credit-related costs to acquire credit monitoring or purchase a credit report.

Last updated: Apr 6, 2020 at 08:44 pm CDT

NEWS SOURCES:cnbc.com, fm.cnbc.com
Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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