Snap Finance has put up a $5 million fund to resolve a class action lawsuit alleging that it routinely violates federal law by calling customers without their consent via an automated telephone dialing system. “Everyone residing in the United States is included in the settlement class.”
Snap Broke the Telephone Consumer Protection Act
Snap Finance is accused of breaking the Telephone Consumer Protection Act (TCPA). The first complainant claimed Snap Finance made at least 60 phone calls in three months. The Telephone Consumer Protection Act prohibits businesses from calling consumers with whom they have not established a commercial connection and gotten authorization to contact. The primary plaintiff was never a client.
Snap Finance is a financial services firm situated in West Valley City, Utah. It markets to people who are credit disadvantaged and in need of funding, giving “pay-over-time financing choices to clients,” according to CB Insights. “Even with bankruptcy, bad or no credit, we still provide you the highest chance for acceptance,” the firm boasts.
Snap Finance Lawsuit is a Hefty One, It Seems
The TCPA is intended to safeguard consumers by prohibiting corporations from making spam calls utilizing fake or prepared voices. Without TCPA protection, businesses might use the technology to transmit an unlimited number of phone calls, ringing telephones at all times of the day and night.
Class members are entitled to receive a cash award under the provisions of the Snap Finance class action lawsuit settlement agreement. After lawyers’ fees, administrative costs, and other expenses are subtracted, class members who file proper and accurate claim forms will each get an equal portion of the settlement fund.
