Belton v. GE Capital Settlement Program

Case No. 14-08223 (RDD)
Important Dates
October 28, 2021
Preliminary Approval Order Entered
January 28, 2022
Deadline to (1) request exclusion (“opt-out”) from the Settlement or (2) object to the Settlement
January 28, 2022
Claim Filing Deadline
February 10, 2022
Final Approval Hearing

If You Had a Credit Card from GE Capital Retail Bank, f/k/a GE Money Bank and n/k/a Synchrony Bank ("GECRB" or "Defendant") and Your Debts Were Discharged in a Chapter 7 Bankruptcy, You Could Get Money from a Class Action Settlement.

A settlement has been reached resolving a class action lawsuit concerning the credit furnishing practices of GECRB. The lawsuit argued that GECRB failed to update its credit reporting for credit card debts sold to debt buyers, where there was a post post-sale Chapter 7 Bankruptcy discharge.

The settlement, if approved by the United States District Court for the Southern District of New York, would provide $8.455 million to pay: (1) Settlement Class Members who submit eligible claims, (2) attorneys' fees and litigation costs, (3) an incentive award to the Class Representative, and (4) notice and claims administration costs.

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