Ohio Consumer Law Blog

Information on Ohio's Consumer Laws from Attorney Daniel Myers, Myers Law, LLC (ADVERTISMENT ONLY)

Dollar Bank Credit Card Statements

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Myers Law is currently looking for persons who have opened a consumer credit card account (not a business credit card account) with Dollar Bank in the past year that had an introductory 0% interest rate.  We are investigating whether there are misleading statements or inaccurate information in the “Minimum Payment Warning” that Dollar Bank sends in its account statements.

Under the Truth in Lending Act, credit card issuers are required to include a “Minimum Payment Warning” in each account statement sent to a consumer on a consumer credit card.  That warning must disclose an estimate of the total amount, including interest, that you will have to pay if you make only minimum required payments, and how long it would take you to pay off the balance if you made only minimum payments.

It has been alleged in a Counterclaim filed in the Parma Municipal Court in Parma, Ohio that Dollar Bank’s minimum payment warning on some credit card statements may not be accurate or may be misleading.  We would like to investigate this claim further.

We want to hear from you if:

  1. You opened a consumer credit card with Dollar Bank in the past 12 months;
  2. That card had an introductory (short-term, temporary, “first 6-12 months,” etc.) interest rate of 0% (or some other smaller percentage) on purchases made; and
  3. You live in Ohio;

We would like to discuss this matter further with you to see if you have any claims or rights under the Truth in Lending Act that may need to be enforced or brought to Dollar Bank’s attention.

If you are interested in speaking with someone from Myers Law about this, or if you just want to sign up for additional consumer updates from Myers Law, please fill out the below form (we do not want your account numbers or financial information, please do not provide them in this form).

 

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