$158K Crown Asset debt collection class action settlement

A $158,095 Crown Asset Management settlement provides payments to consumers whose Synchrony Bank debts were sold to the debt collection agency.

The settlement benefits California residents to whom McCarthy, Burgess & Wolff Inc. sent an initial written communication on behalf of Crown Asset Management attempting to collect a charged-off consumer debt originally owed to Synchrony Bank and whose mailings were not returned as undeliverable by the post office between Dec. 4, 2017, and Dec. 27, 2022.

According to the debt collection class action lawsuit, Crown Asset sent collection letters to California residents who failed to comply with state debt collection laws, such as the California Fair Debt Buying Practices Act. In some cases, these letters weren’t delivered, the plaintiffs claim.

Crown Asset Management is a debt purchaser that collects on delinquent loans.

Crown Asset hasn’t admitted any wrongdoing but agreed to pay $158,095 to resolve the debt collection class action lawsuit.

Under the terms of the settlement, class members can receive an equal share of the net settlement fund. Exact payments will vary depending on the number of participating consumers, but each class member is eligible to receive at least $35.

The deadline for exclusion and objection is Aug. 3, 2024.

The final approval hearing for the settlement is scheduled for Sept. 11, 2024.

No claim form is required to benefit from the Crown Asset Management settlement. Class members who do not exclude themselves will automatically receive a settlement payment.

Who’s Eligible

California residents to whom McCarthy, Burgess & Wolff Inc. sent an initial written communication on behalf of Crown Asset Management attempting to collect a charged-off consumer debt originally owed to Synchrony Bank and whose mailings were not returned as undeliverable by the post office between Dec. 4, 2017, and Dec. 27, 2022

Potential Award

$35+

Proof of Purchase

N/A

Exclusion and Objection Deadline

08/03/2024

Case Name

Chambers v. Crown Asset Management LLC, et al., Case No. 18CV338800, in the California Superior Court for Santa Clara County

Final Hearing

09/11/2024

Settlement Website

ChambersCrownSettlement.com

Claims Administrator

Chambers v Crown Asset Mgmt.
c/o Settlement Administrator
PO Box 23369
Jacksonville, FL 32241-3369
866-473-1092

Class Counsel

Fred W Schwinn
Raeon R Roulston
Matthew C Salmonsen
CONSUMER LAW CENTER INC

Defense Counsel

James K Schultz
Brian C Shartle
Kenneth A Ohashi
SESSIONS ISRAEL & SHARTLE LLP