PAYING FOR IT: The Money Source Lives Up To Its Name– Agrees to Pay $1.5MM to Settle TCPA Suit Involving Robocalls After Stop Requests

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Back in May of last year a TCPA class action was certified against the Money Source, Inc. related to robocalls placed to consumers after they had said stop.

While it is unclear how many people were in that class, TMS has decided to settle the class action for $1.5MM and has estimated each class member will receive about $285.00 from the resolution–putting class membership around 3,500 people- if I’ve done my math right.

$285.00 a head for a TCPA class action settlement is pretty high– but this was POST certification and involved pretty ironclad claims. I mean there’s not much defense to sending robocalls after a consumer has asked you to stop. So overall not a bad settlement; just a bad case.

The Plaintiffs’ lawyers here are Max Morgan and Chris Miltenberger and they will be sharing a pie of up to $500k.

Final approval has not yet been November 26, 2026 and objection/opt out deadline is October 7, 2026.

We’ll keep an eye on this and see where it goes.

Settlement agreement here: Settlement-Agreement

Love you all. Chat soon.

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Published by Eric "Czar" Troutman

The Czar of TCPAWorld Eric Troutman is one of the country’s prominent class action defense lawyers and is nationally recognized in Telephone Consumer Protection Act (TCPA) litigation and compliance. He has served as lead defense counsel in more than 70 national TCPA class actions and has litigated nearly a thousand individual TCPA cases in his role as national strategic litigation counsel for major banks and finance companies. He also helps industry participants build TCPA-compliant processes, policies, and systems. Eric has built a national litigation practice based upon deep experience, rigorous analysis and extraordinary responsiveness. Eric and his team feel equally at home litigating multibillion dollar telecommunications class actions in federal court as they do developing and executing national litigation strategies for institutions facing an onslaught of individual TCPA matters. They thrive in each of these roles – delivering consistently excellent results – while never losing sight of the client experience. While many firms now tout TCPA expertise, Eric has been there from the beginning. He built one of the country’s first TCPA-only defense teams and began serving as national TCPA counsel for his clients nearly a decade ago. This perspective allows him to swiftly develop the right litigation strategies for dealing with recurring problems, without wasting time on tactics that are bound to fail. Eric’s rich historical perspective and encyclopedic knowledge of the TCPA landscape also make him an invaluable resource to institutional compliance teams struggling to comply with the shifting regulatory landscape. No task is too small – or too big. Indeed, Eric and his team have helped build TCPA-compliant systems and processes for some of the largest and most complex corporate entities in the country. He commonly works with in-house compliance counsel to build and implement enterprise and business-line specific TCPA solutions, performs TCPA audits and drafts and reviews proposed TCPA policies and procedures. He and his team also have the technical expertise necessary to assist call centers seeking to develop TCPA-resistant call path architecture or to modify existing telephony and software integration to better insulate from potential TCPA exposure. Eric has built a reputation for thought leadership. An avid blogger and speaker, he has been at the forefront of the industry’s effort to push for clarity and a return to sanity for the TCPA for years. He was selected to advocate for the financial services industry on important TCPA issues before the Federal Communications Commission and co-authored the nation’s only comprehensive practice guide on TCPA defense. In his spare time, Eric leads defense teams representing banks and other financial services companies in consumer finance litigation matters. He has experience representing clients in UCC, TILA, RESPA FCRA, CCRA, CLRA, FDCPA, RFDCPA and FCCPA claims, as well as in fraud and bank operations issues.

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