Barclays Settles Action Over Credit Card Texts For $8M

Law360, New York (September 27, 2011, 9:55 PM EDT) -- Barclays PLC's American credit card subsidiary agreed Tuesday to pay $8.26 million to settle class action allegations in California that it violated the Telephone Consumer Protection Act by sending text messages about statements to credit card holders.

In a joint motion requesting preliminary approval of the settlement, Barclays Bank Delaware denied that its messages violated the statute — which prohibits calls to pagers and cellphones from automatic phone dialing systems — but agreed to pay $125 per class member, up to $8,262,500, to end the suit....
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