Wednesday, May 22, 2024
Hawai'i Free Press

Current Articles | Archives

Monday, June 2, 2014
Baron and Budd negotiate $3.7 million settlement for State of Hawaii
By News Release @ 1:42 PM :: 5570 Views :: Judiciary, Cost of Living

Baron and Budd Announces Settlement of More Than $5 Million on Behalf of States of Mississippi, Hawaii Regarding Deceptive Credit Card Practices

Firm Has Settled with Bank of America, Previously Settled with Discover, Chase Over Similar Issues

News Release from Baron and Budd June 2, 2014

DALLAS — Baron and Budd is announcing a settlement totaling more than $5 million on behalf of the States of Mississippi and Hawaii regarding Bank of America’s deceptive marketing of credit card payment protection plans. Baron and Budd lawyers Russell Budd, Laura Baughman, Ann Saucer and Burton LeBlanc served as counsel in the litigation, along with co-counsel and each states’ respective Office of the Attorney General.

Baron and Budd negotiated a $3.7 million settlement on behalf of the State of Hawaii and a $1.6 million settlement on behalf of the State of Mississippi, working with co-counsel and the Attorneys General from both Hawaii and Mississippi.

Baron and Budd worked closely with Jim Hood, the Attorney General of Mississippi, and David M. Louie, the Attorney General of Hawaii, to achieve these results.

“Through this settlement, we are sending a powerful message to the credit card companies that what they are doing is not right,” said Russell Budd. “We are honored to have worked with each state’s Attorney General to help promote a positive change in corporate conduct in their respective states.”

Many consumers may be familiar with credit card payment protection plans. In many instances, consumers are contacted by their credit card company via phone and asked if they want to sign up for a payment protection plan. However, these calls can be highly confusing and misleading to consumers, many of whom unintentionally sign up for a payment protection plan. After signing up, consumers are charged monthly fees by their credit card company for the service, even though they may not have understood what they were signing up for.

The plan is advertised as a way to protect the consumer in the event of unemployment, disability or other difficult life events. Yet, these plans offer no real benefit for the consumer, and are merely used as a means for the credit card companies to make additional profit.

Baron and Budd previously settled similar cases regarding deceptive payment protection plans against Discover, Chase and others. The firm negotiated a $13 million settlement on behalf of the State of West Virginia with Discover, Chase, Bank of America and other credit card companies. The firm also previously negotiated a settlement with Discover on behalf of the States of Hawaii and Mississippi that totaled $4.45 million.

To learn more about Baron and Budd’s financial fraud practice, call 866-844-4556 or visit the firm’s website at

About Baron & Budd, P.C.

The national mesothelioma law firm of Baron & Budd, P.C. has been “Protecting What’s Right” for asbestos sufferers and their families for nearly 40 years. As one of the first law firms to successfully litigate an asbestos lawsuit, Baron & Budd continues to actively represent veterans, industry workers and others who are suffering as a result of exposure to asbestos. Contact Baron and Budd at 1.866.855.1229 for additional information on mesothelioma treatments, mesothelioma cancer doctors and treatment centers and mesothelioma attorneys.



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii