Trader Joe’s Co. has agreed to a $7.4 million settlement in a class action lawsuit alleging violations of the Fair and Accurate Credit Transactions Act (FACTA). The case claimed the grocery retailer printed too much information on customer receipts, potentially exposing sensitive financial data.
The settlement offers eligible customers a payout of $100 each. To qualify, claimants must have made purchases at Trader Joe’s locations during the period covered by the lawsuit. The company denies wrongdoing but agreed to settle to avoid prolonged litigation.
FACTA limits the amount of credit card information that businesses can print on receipts. Specifically, it prohibits printing more than the last five digits of the card number or the expiration date. The lawsuit argued Trader Joe’s receipts displayed more than the allowed information, increasing the risk of identity theft.
Affected customers can submit claims through the settlement administrator’s website or by mail. The deadline for filing claims is set later this year. Details on eligibility and the claims process are available on the official settlement website.
This case follows increased scrutiny of retail receipt practices, as consumers and regulators seek to protect personal financial information. Trader Joe’s joins other retailers that have faced similar lawsuits over receipt disclosures in recent years.