No Proof Required
Peoples Security Bank & Trust $1.15M Class Action Settlement
By the Class Action Buddy Editorial Team · Last reviewed September 16, 2026 · ✓ verified against class-settlement.com/Class-PennSecurity notice PDF, read 2026-09-11
Looking for a settlement you can still file?
This one is closed, but our 60-second eligibility quiz finds the ones that are still open.
Who Was Eligible?
Who the settlement covered:
- You received the court-authorized notice by mail — the class was identified from the defendants' own records, so the notice is what tells you that you are included
- The case concerns accounts connected to vehicle repossession and debt collection by Peoples Security Bank & Trust or Peoples Financial Services
- No sign-up, no claim form, and no documentation is required to receive the payment
How Much Did It Pay?
The settlement fund is $1,152,673, divided equally across class accounts — about $1,300 per account. Payment is automatic for everyone who stays in the class, after the court grants final approval. A class member who prefers a different division than the equal allocation had to request it by September 21, 2026.How you get paid
You did not have to file anything. The steps below describe how the administrator pays class members and what you can still do to make sure your payment reaches you.
- There is no claim form for this settlement — payment is automatic for class members who do nothing
- To exclude yourself or object, submit a signed request by September 21, 2026, following the instructions in the mailed notice
- Questions go to the settlement administrator via the official settlement page or the class counsel contact printed on the notice
Looking for something you can still claim?
This one has closed, but the open settlements list is kept current, and Class Action Buddy will tell you when a new one matches your profile.
Frequently Asked Questions
Do I need to file a claim for the Peoples Security settlement?
No. Payment is automatic. Class members were identified from the defendants' records, and everyone who stays in the class receives an equal share — about $1,300 per account — after final approval.
What is the September 21, 2026 deadline?
It is the opt-out and objection deadline, not a claim deadline. It is also the last day to ask the court for a different division than the equal per-account allocation. Doing nothing keeps you in the settlement and gets you paid.
What was the lawsuit about?
The plaintiff alleged that the defendants violated the laws governing vehicle repossession and debt collection, seeking the minimum statutory damages those laws provide. The defendants deny wrongdoing, and the court has not ruled on the merits.
Primary source: official settlement administrator — class-settlement.com. The settlement details on this page were checked against the administrator’s official website.
Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.
This settlement has closed
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