DES MOINES, Iowa – Over 400,000 Iowans will share in $40 million in refunds thanks to state legal action against three buying clubs.
The Iowa Attorney General’s Office is sending out notices this week to those eligible for refunds from Vertue Incorporated, Affinion Group and Stonebridge Benefit Services. Most of those refunds will reportedly range from $5 to $40 but some will be substantially higher. Refund amounts will depend, in part, on the number of eligible consumers who can be located.
Attorney General, Tom Miller says the state recovered $32.6 million from Vertue Inc. after the Iowa Supreme Court ruled the company “essentially based its business model on tricking Iowans into paying fees for memberships that most didn’t know they had, they didn’t use and didn’t want”. Affinion Group agreed to pay $5.5 million to resolve allegations it violated Iowa’s consumer protection laws. A Polk County judge also ordered Stonebridge Benefit Services to pay $2.7 million to Iowans enrolled in buying club memberships. Affinion has not admitted to any wrongdoing and Stonebridge has denied liability in this case.
Anyone with questions about this refund program can get more information online at www.IowaBuyersClubRefunds.com.