Debt Cos. Misled Victoria's Secret Cardholders, Suit Says

Law360, New York (September 12, 2013, 1:25 PM EDT) -- Two debt collectors were hit with a putative class action in New Jersey federal court Wednesday alleging they misled Victoria’s Secret credit card holders about the amount of interest that was accruing on their debts.

Bound Brook, N.J., resident Justina Luna alleges that Allied Interstate LLC failed to properly notify her about the accruing interest on her defaulted Victoria’s Secret account — debt that was bought by CVF Consumer Acquisition Co. —  when it sent her a September 2012 collection letter, in violation of the Fair...
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