A promise to set aside $20 million for cardholders who were overbilled will not impede a swell of litigation against Providian Financial, a credit card company with a trail of disgruntled customers.
The company announced the refund last week, citing a computer error as the culprit behind overcharging about 700,000 customers. Plaintiffs’ attorneys say the gesture is too little too late, and they plan to press ahead with a spate of lawsuits against Providian.
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