Fireside Bank Settlement Nears Distribution/Finalization
If you received a Class Notice in the Fireside Bank class action settlement, watch your calendar. The "Effective Date" for the settlement is this week, July 29. Ten days after the Effective Date--no later than August 8--Fireside must change all of its records to show that Class Members owe nothing to Fireside. It must also request the credit reporting agencies to delete Fireside's tradeline on Class Members' credit reports.
Class Members should check their credit reports in mid- to late September to be sure Fireside's tradeline has been removed.
Class Members who have paid money to Fireside after their vehicles were repossessed will be mailed their refunds pursuant to the settlement within 30 days of the Effective Date--no later than August 28. Members of the Gonzalez class, who received Fireside's NOIs in 2000 and 2001, will receive back 100% of those payments. Lind class members, to whom Fireside sent NOIs between 2003 and 2007, will be refunded 90% of their payments.
However, if you are a Class Member and made a payment to Fireside Bank in 2009, Fireside may not have accurate records of your 2009 payments. You won't receive a refund without accurate records. Please call me at 415-861-2265 or email me at carol@kaboblaw.com if you received a Class Notice and made a payment in 2009.
We want to be sure that Class Members get all the relief to which they are entitled.
