Economy · Full coverage
Credit Card Firm CAL to Refund $1.1 Million to Customers
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
By מערכת ice
First reported by TheMarker · 8 hours ago
What happened
Israeli credit card company CAL will refund NIS 4 million to customers after a court approved a settlement in a class-action lawsuit. The suit alleged inadequate notification of the end of temporary credit card fee waivers, with refunds varying based on when the benefit ended.
- 01CAL will refund NIS 4 million to customers due to inadequate notification of fee waiver endings.
- 02A class-action lawsuit settlement was approved by the Central District Court in Lod.
- 03Customers affected between 2015-2019 get 50% refund; 2019-2021 get 90%.
- 04Refunds are capped at one month's fee, approximately NIS 15.
- 05CAL changed notification methods in 2021 to be more prominent.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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