Campagna v. TD Bank Settlement

If you opened a TD Cash Secured Credit Card on or after May 20, 2015, but before January 18, 2022, you may be entitled to benefits from a class action settlement.

A settlement has been reached in a class action lawsuit in the United States District Court for the District of New Jersey titled Campagna v. TD Bank, N.A., Case No. 1:20-cv-18533-KMW-SAK (D.N.J.) (the “Action”). In the Action, five people who have held TD Cash Secured Credit Cards allege that TD Bank, N.A. (“TD Bank”) improperly failed to graduate TD Cash Secured Credit Card holders to an unsecured TD Bank credit card. The lawsuit contends that TD Bank acted improperly by not automatically graduating TD Cash Secured Credit Card holders who used their cards for seven consecutive billing cycles without a default. The lawsuit contends, among other things, that TD Bank promised in its credit card agreement to graduate cardholders in these circumstances. TD Bank disputes that contention and denies that it engaged in any wrongdoing. The Court has not decided which side is right.

The judge overseeing the case granted Final Approval of the Settlement on February 23, 2023. The Settlement became final on March 30, 2023. Payments were mailed in May 2023 to Settlement Class Members who have not opted out.

Initial Settlement Fund Payment checks expired on October 28, 2023. If the Settlement Fund Payment check was not cashed, a reissued check will be sent to the Class Member's most recent address on file. Final reissue Settlement Fund Payment checks are anticipated to be sent as paper checks by the end of November 2023.

Current and former holders of TD Cash Secured Credit Cards who opened their TD Cash Secured Credit Card on or after May 20, 2015, but before January 18, 2022 (“Class Period”), and who, through August 29, 2022, maintained their account for seven consecutive billing cycles without committing an act of default but were not graduated to an unsecured TD Bank credit card in the cycle following that seven-month period, may be eligible to receive a check.

Read this website and the Long Form Notice carefully. The Notice advises you of the benefits that may be available to you under the Settlement and your rights and options as a Settlement Class Member. These rights and options are explained in this Settlement Website and also the Long Form Notice.

Your Legal Rights and Options in This Settlement

Do Nothing and Receive a Check	If you are entitled under the Settlement to a check, you did not have to do anything to receive it. If you are in the Settlement Class, a check was mailed in May 2023 to the address you maintain(ed) with TD Bank, and you gave up your right to bring your own lawsuit against TD Bank about claims related to graduation from a TD Cash Secured Credit Card to an unsecured TD Bank credit card during the Class Period. Initial Settlement Fund Payment checks expired on October 28, 2023. If the Settlement Fund Payment check was not cashed, a reissued check will be sent to the Class Member's most recent address on file. Final reissue Settlement Fund Payment checks are anticipated to be sent as paper checks by the end of November 2023.
Exclude Yourself from the Settlement	The deadline for all Settlement Class Members to exclude themselves from the Settlement passed on January 27, 2023. Exclusions are no longer accepted.
Object	The deadline for all Settlement Class Members to object to the Settlement passed on January 27, 2023. Objections are no longer accepted.
Go to a Hearing	The Court held the Final Approval Hearing on February 23, 2023.