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Article: BJ's Wholesale Club Files Lawsuit Against Beneficial National Bank USA
- Article from:
- PR Newswire
- Article date:
- September 26, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NATICK, Mass., Sept. 26 /PRNewswire/ -- BJ's Wholesale Club, Inc. (NYSE: BJ)today announced that it has filed a lawsuit in Massachusetts Superior Court seeking, among other things, to prevent Beneficial National Bank USA from canceling 12,000 BJ's MasterCard accounts with a September 1997 expiration date. Beneficial, the issuer of the BJ's MasterCard, has said that it is canceling these accounts of customers with good credit records who paid their bills in full and on time for the last year because Beneficial receives no finance charges from them. Beneficial recently began notifying customers of these cancellations.
BJ's lawsuit asserts that Beneficial's ...