[TX] Can a credit card company retaliate if you file a Truth In Lending Act (TILA) claim against them?
Weird one, and mostly just curious.
A local (reputable) firm is seeking claimants who want to file a TILA claim against a large credit card company for misstating information about an APR on one of their cards. (Statutory damages, firm takes 30% cut to cover fees.)
If a suit is filed, is the creditor allowed to retaliate? (As in closing the claimants account, etc.)
Posted May 22, 2019, 3:01 AM UTC
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Closing your account likely wouldn’t be “retaliation” in any reasonable definition.
A card issuer has no ongoing obligation to service your account and can close it when they want to.