How to get PAID if you've shopped at Ikea between 2017 & 2019... (Ikea $24M Settlement)
How to claim a part of the $24.25M Ikea FACTA settlement.
If you shopped at Ikea between the years 2017 and 2019, here’s how to claim a part of the $24.25 million dollar settle over violating the Fair and Accurate Credit Transactions Act (FACTA). Please consider subscribing for 100% free to receive ONE email per week on easy ways to claim money, save money, or other money loopholes. No spam. No B.S. Just your Daily Dollar.
In August 2021, Ikea agreed to pay $24 million to settle a class-action lawsuit that alleged the company had printed receipts for credit or debit card transactions at its retail locations that included more than the last 5 digits of the card number, violating the Fair and Accurate Credit Transactions Act (FACTA).
The lawsuit, filed in the U.S. District Court for the Eastern District of New York, claimed that Ikea willfully violated FACTA by printing receipts that contained the customer's full card number, as well as the card's expiration date. This information, according to the plaintiffs, put customers at risk of identity theft or other financial crimes.
FACTA, which was enacted in 2003, requires that businesses truncate credit or debit card numbers on receipts so that only the last 5 digits are displayed. This is meant to protect consumers from identity theft and other forms of fraud.
Under the terms of the settlement, Ikea agreed to pay $24 million to the class members, as well as to take steps to improve its payment processing procedures to ensure compliance with FACTA. The settlement also includes injunctive relief that requires Ikea to maintain and implement policies and procedures to ensure that it does not violate FACTA in the future.
Who can claim the settlement?
Under the settlement, customers who made purchases at Ikea retail locations between October 18, 2017 and December 31, 2019, and whose receipts contained more than the last 5 digits of their card number may be eligible to receive a portion of the settlement.
While the final per person compensation amount will depend on the number of claims filed, experts estimate payouts to be between $30 and $60.
How to claim the settlement?
If you are eligible to participate in the $24 million Ikea settlement, you can submit a claim to receive a portion of the settlement funds. To submit a claim, you can follow these steps:
Visit the settlement website:
https://kccconnect.com/IKEAusFactaClassAction/Claimant
Complete the claim form prior to the May 4th, 2023 Deadline.
Wait for your payment: Once the settlement administrator has reviewed your claim, they will determine the amount of compensation to which you are entitled. If your claim is approved, you will receive payment by check or other means specified in the settlement agreement.
It is important to note that the exact process for submitting a claim may vary depending on the specific terms of the settlement. You should always consult with an attorney or law professional when submitting claims like this.
Closing thoughts…
We think this settlement is a very easy claim that applies to thousands of people across the U.S. that just don’t know it. We wanted to shout this one out to you all first so you can claim it before the deadline of May 2023.
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