A $1.8 million settlement has been proposed to resolve a lawsuit that claims that Kohl’s and Capital One deceptively charged consumers for credit monitoring. This would affect consumers who opened a Kohl’s Private Label Credit Card before Apr. 11, 2011 and who, between Feb. 13, 2012 and Oct. 31, 2013, paid $14.99 a month for PrivacyGuard but did not complete the second enrollment step.
If the settlement is approved, a total of 16,587 consumers will receive around half of the $3.3 million paid for PrivacyGuard services.
The lawsuit was filed back in 2015. Consumers with a Kohl’s credit card were reportedly charged $14.99 every month for credit monitoring services, regardless of whether or not they had activated the services. So people were basically paying for a service they didn’t want and weren’t using.
You should always take a quick look at your statements for any discrepancies. Nowadays there’s also services that will help you identify recurring charges on your cards, which could be services that you no longer need or weren’t aware you were paying for. Check out TrueBill or Second Look from Capital One for example. Those affected by this lawsuit should be notified once it is approved.