Barney's Sued Over Credit Card Disclosures

Law360, Chicago (October 11, 2013, 1:26 PM ET) -- Barney’s Inc. has been hit with a proposed class action in New York federal court alleging the luxury retailer violated the Truth in Lending Act through a number of incomplete disclosures on its store credit card statements.

Plaintiff Jerry Litwin claims in the suit filed Oct. 7 that the billing statement he received for his Barney’s credit card in October 2012 doesn’t comport with “Regulation Z” — a set of regulations laid out by the Federal Reserve Board to implement the TILA.

Barney’s “failed to furnish...
To view the full article, register now.