Nation's Largest Mall Group Gets Customer Friendly

Indianapolis based Simon Property Group, which owns or has an interest in 296 shopping properties throughout the United States, altered its Visa Giftcard policy this week after being pressured by New York Attorney General Eliot Spitzer.

The company reported that it entered into a "consent agreement" that will eliminate an "administrative fee" previously charged consumers if they did not use the card during a six monthl period.

The Attorney General's office filed a lawsuit against Simon in a Manhattan court last month. In addition to the administrative change, Simon agreed to pay $125,000 in penalties and costs.

Albany lawmakers were quick to praise the Attorney General's office, one of the highest-profile offices in the country with a reputation for tackling big names and winning big settlements.

posted by Consumer Help Web Editorial Team at 4:54 PM |