Sterling Jewelers Fined $11M Over 'Deceptive' Credit Offerings

By Jack Newsham (January 16, 2019, 2:53 PM EST) -- Sterling Jewelers Inc., the parent of chains Kay Jewelers and Jared the Galleria of Jewelry, has agreed to pay $11 million to settle allegations that its staff signed shoppers up for branded credit cards and other products without their knowledge or consent, regulators said Wednesday.

Sterling Jewelers, the parent company of Kay Jewelers, will pay $11 million over allegations that its staff signed shoppers up for branded credit cards without their consent, regulators said Wednesday. (AP)

The Ohio-based retailer was accused of pressuring employees to sign customers up for credit cards that could only be used at Sterling stores without being...

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